IHT Managing Globalization: Can ethanol avoid an oil curse?

Posted by: Maurizio Morabito — 13 January 2008 1:20 am

The curse of resources has hit pretty much every country in the Third World apart from South Africa perhaps. The more there is stuff to extract from the land, the more a dependent economy develops – dependent, that is, on redistribution of riches by the state in legal and illegal ways. Cue clientelism, corruption, cultural lethargy, if not outright civil war.

Would it be any different for ethanol made out of food crops? Perhaps, if the production is well spread around the world, and so the potential for becoming incredibly rich much lower.

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