MEASUREMENT

Three Metrics that will Move the World
from McKinsey Mktg&Sales

2. Seven in ten of those living in “extreme poverty” live in resource-rich countries.

You may be familiar with the idea of the “resource curse” or the “paradox of plenty”–the idea that countries with easy access to natural resources, such as oil, metals, or other commodities, often fail to develop healthy economies.On the other hand, many places that have performed well have little or no natural resources to rely on (think of the “tiger” economies: Hong Kong, Singapore, South Korea, Taiwan). This is not academic speculation, as another statistic indicates: four out of five resource-driven countries have below-average incomes…”

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