Buses and vans are seen near Oshodi market in Lagos on Feb. 1, 2012. A nationwide strike and protests brought tens of thousands into the streets in Nigeria over fuel prices in January. Nigerians are now left coping with high petrol prices despite large fuel reserves. Resource wealth often leads to corruption.
Originally published on Fri February 10, 2012 8:31 am
Peter Passell, the Economics Editor of Democracy Lab, is a Senior Fellow at the Milken Institute.
Note that Dutch disease may or may not hurt an economy as a whole; not every country needs a healthy manufacturing sector to thrive. But there's a case to be made (especially in the case of poor countries) that manufactured exports generate all sorts of positive spillovers that spur development. For example, large-scale manufacturing creates a demand for sophisticated finance and management, both of which are foundations to economic growth.
Alex Kotlowitz (left) is the author of There Are No Children Here, The Other Side of the River and Never a City So Real. Steve James is the director, producer and co-editor of Hoop Dreams. His other films include Stevie and At the Death House Door.
Credit Aaron Wickenden / Kartemquin Films
Ameena Matthews, a violence interrupter with the Chicago organization CeaseFire, mediates disputes to prevent gang violence from escalating.
Reports are popping up on various newssites that, as The Associated Press puts it, "President Barack Obama will announce a plan to accommodate religious employers outraged by a rule that would require them to cover birth control for women free of charge, according to a person familiar with the decision."