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"Happy Peasant Syndrome"

From Reuters:

Struggling countries must manufacture more and be given better access to global markets to expand their economies, the U.N. Industrial Development Organization said in a report...The discovery of oil or gold can suck labour out of manufacturing, raise the price of goods and push the economy away from exports and into domestic sectors, the report warns.
African countries should learn from Asian states such as Malaysia that developed their economies through wealth creation, rather than focusing solely on cutting poverty, the report says.
Africa has been dogged for decades by the "happy peasant syndrome", where donors give money to alleviate poverty instead of targeting the aid for economic growth,says Kandeh Yumkella(UNIDO DG)



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