A SelfFulfilling Curse

1
A Self-Fulfilling Curse?

• Jesse Czelusta
• Stanford University

2
No Refills vs. How About Another?

• If Resources Are Exogenous
• --------------------------------------------------
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• Manage Revenues
• Shift to Other Sectors

• If Resources Are Endogenous
• --------------------------------------------------
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• Create Revenues
• Invest in Resource Knowledge

3
Historys VerdictYou Get What You Believe

• Past examples
• USA
• Australia
• Recent examples
• Australia
• Chile
• Norway

4
An Augmented Agenda

• Manage revenues and avoid dependence, but also
• Invest in learning
• Surveys
• RD
• Education
• Location-Specific Knowledge

5
A Self-Fulfilling Curse?

• Jesse Czelusta
• Stanford University