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Comment: Brazil aims to avoid long-term oil 'curse'

11/09/2009
By Dilma Rousseff
Blessed with the world's largest oil discovery in 30 years, Brazil has recently proposed a new development model designed to turn this unexpected windfall towards the public good rather than the curse it has become for other nations, which have found their discovery a short-lived path to prosperity because of the damage it can wreak on the overall economy. Brazil is determined to forge its own way to best manage the exploration and development of these vast oil reserves as well as their ultimate revenues.To ward off the future oil curse, Brazil is taking bold steps today along a tightrope. On one side of our balancing pole is the commitment to remain a reliable development partner to fore...
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