Namibia: Oil Discovery Not the Real Achievement
Namibia is urged to focus on institutional governance and long-term planning rather than just celebrating recent oil and gas discoveries in the Orange Basin. The author warns that without proper discipline, the country risks squandering its potential as a new petroleum province.
Why it matters
Effective management of natural resources is critical for developing nations to avoid the 'resource curse' and ensure sustainable economic growth.
A petroleum province can be lost long before a single cargo sails.
The article provides a balanced economic critique focused on governance and institutional development.
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