Small Countries and Big Resources: Harnessing Natural Resources for Development in the G7+ Countries
Publisher: World Bank Institute
Author(s): Paul Collier
Date: 2012
Topics: Extractive Resources
“The past decade of high commodity prices triggered a burst of investment in prospecting for natural resources. For evident reasons, the g7+ countries had previously attracted little investment in prospecting and so they were among the last frontiers available for search. Most g7+ countries have now had significant discoveries of non-renewable natural resources.”