Tuesday, March 20, 2012

Knowledge and skills are infinite – oil is not

Cassandra Davis at OECD educationtoday - 1 week ago
*by Andreas Schleicher* *Deputy Director and Special Advisor on Education Policy to the OECD's Secretary-General* As the bible notes, Moses arduously led the Jews for 40 years through the desert – just to bring them to the only country in the Middle East that had no oil. But Moses may have gotten it right, after all. Today, Israel has an innovative economy and its population enjoys a standard of living most of its oil-rich neighbours don't offer. More generally, countries with greater total rents from natural resources tend to be economically and socially less developed, as exports o... more »

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