Jeffrey Sachs: Some of your best-sided work has been on the natural resource curse. The idea that economies, when they have natural resources such as oil, can harm their prospects for growth rather than helping them. How do you see this issue today, and do you think that has changed in any way since the first piece is you wrote? He says he would put more weight on the political economy aspects probably than the pure market-driven Dutch disease aspects which I talked about a quarter century ago.
Tyler Cowen and Jeffrey Sachs discuss the resource curse, why Russia failed and Poland succeeded, charter cities, Sach's China optimism, JFK, Paul Rosenstein-Rodan, whether Africa will be able to overcome the middle income trap, Paul Krugman, Sach's favorite novel, premature deindustrialization, and how to reform graduate economics education.
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