Some say natural resources are a curse, others say they are neither curse nor destiny (see here and here for examples). The jury may still be deliberating on the evidence but, in the meantime, resource-rich, income poor countries like Liberia, Sierra Leone and others need to find their way forward. They have to be responsive to the enormous needs of their populations or face dire consequences.
For post-conflict countries, the policy learning curve must of necessity be steep, since they neither have the luxury of time nor the expanse of fiscal space to benefit from learning by doing over the longer-term. A primary challenge for policy makers in these countries is to identify a “a fail-safe” model that can, with few degrees of freedom on the political, social, and economic dimensions, deliver sustained, inclusive growth and poverty reduction at levels that will appease a youthful, impatient population.