People living in countries rich in the minerals needed for the transition to a net-zero carbon global economy could find themselves victims of a new “resource curse”, remaining in poverty despite the new-found wealth of their leaders.
This is one of the findings of economists at the UN Department of Economic and Social Affairs (DESA), in their latest prediction of the state of the world economy in the coming months ( the World Economic Situations and Prospects mid-year update), which was released on 16 May.
Hamid Rashid, an economist at DESA and the lead author of the report, explained to Conor Lennon from UN News how nations can prosper from the cleaner energy future, and why the economy is still all suffering from a COVID-19 hangover.
Source of original article: United Nations (news.un.org). Photo credit: UN. The content of this article does not necessarily reflect the views or opinion of Global Diaspora News (www.globaldiasporanews.com).
To submit your press release: (https://www.globaldiasporanews.com/pr).
To advertise on Global Diaspora News: (www.globaldiasporanews.com/ads).
Sign up to Global Diaspora News newsletter (https://www.globaldiasporanews.com/newsletter/) to start receiving updates and opportunities directly in your email inbox for free.
