Global: Aid and the resource curse

This paper suggests ways to avoid the 'resource curse', where countries with abundant natural resources grow more slowly than those without. The author urges that more attention be devoted to "resource curse" and discusses how national institutions may have been damaged due to the availability of increased aid. The paper highlights two possible solutions: to direct aid away from governments and consider the private sector as an alternative option and closer control over the aid flows with corruption being vigorously fought.