Great resource booms usually end abruptly, catching almost everybody by surprise. The rhythm is as old as mankind. It is poignantly described Nobel laureate Halldór Laxness through the life of an Icelandic sheep farmer a hundred years ago in Independent People, harrowing because his ruin is so utterly human.
Studies by the World Bank covering two centuries of data sketch a pattern of 10-ye…
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On December - 3 - 2012 Articles of Interest
