2012 OECD article, Knowledge and skills are Infinite – Oil is not, suggests that nations which had wealth in natural resources, such as oil or valuable minerals, invested generally in consumption and not in education systems to build the skills and knowledge of their citizens. By contrast, those who invested for long-term skills have reaped tremendous benefits in economic and social welfare - it is not natural resources that underpin wealthy societies; wealth always comes from superior social organisation.
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