Why do some countries remain poor?
The Rachman Review
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The Elite Gamble on Growth and Development
In your book, you talk about this elite gamble on growth and development. If an alite is doing very well already, let's say there's lots of oil and the elite is happy to share that oil. Why on earth would they take a gamble on development if things are going quite well from their own very narrow perspective? And then which examples of that have we seen, where that is actually panned out? I think nigeria is very much a kind of an alite bargain, basically a deal between dose with power and influence at somehow is stuck.
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