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Right. I understand the resource curse and the need to diversify one's economy and develop strong, trustworthy institutions, but I didn't understand what hacker
by mchaver 10y ago
Right. I understand the resource curse and the need to diversify one's economy and develop strong, trustworthy institutions, but I didn't understand what hackerboos was referring to when they said "revenues outside your own economy". To me that sounds like invest the money in a foreign country or maybe it means invest in different industries?
- hackerboos 10y agoCorrect. Invest in a foreign country as dispersing revenues into all kinds of industries by cutting taxes can still have a negative impact.