Share 'Why are resource-rich nations so poor?'

Why are resource-rich nations amongst the poorest in the world with conditions of living that are at best brutish and cruel? This is one qustion that has endlessed agitated the minds of development economists over the years. And, it sure will many years to come. Much of this resource-curse is evident in sub-saharan Africa, home to over 500 million people. From Nigeria to Liberia, Sierra Leone to…