Oil wealth is a poison to developing economies. The incentive for incentive vanishes.
"Oil wealth is a poison to developing economies. The incentive for incentive vanishes."
He was doing extremely well until last year. He even met once with Putin. Now there is street talk of a new cold war or worse. Upper management from the West are leaving Russia to return to the US or Europe. Apparently businesses are collapsing because of it.
Correct. Look what it has done to Mexico. Even Texas has benefited since Oil became a minor part of its economy.