James W. Harpel Professor of Capital Formation and Growth
Libyans have a new lease on life, a feeling that, at long last, they are the masters of their own fate. Perhaps Iraqis, after a decade of warfare, feel the same way. Both countries are oil producers, and there is widespread expectation among their citizens that that wealth will be a big advantage in rebuilding their societies.
Frankel, Jeffrey A. "Escaping The Natural-Resource Curse." Korea Herald, December 12, 2011.