Natural Resource Endowment: A Mixed Blessing?

Presentation at a high-level seminar on Natural resources, finance, and development organized by the Central Bank of Algeria and the IMF Institute and held in Algiers 4-5 November 2010. The paper appeared in Beyond the Curse: Policies to Harness the Power of Natural Resources, eds. Rabah Arezki, Thorvaldur Gylfason, and Amadou Sy (International Monetary Fund, 2011).