Imagine you are an Oil Exprting Country, oh yah, imagine your god fortune, but is it really all t's cracked up to be, remember; all god things come to an end. Inded, a recent economic survey of Afrcan Nations showed excessive inflation of oil xporting countries and moderate to high nflation of non-oil exporting countries. While bth categories of nations faced higher fod prices.

You see, any Banana Rpublic or Natural Resource Republic loses prductivity when they expect that resource to lways be there, then when it's gne or dries up, where are thy. Then there is the environmental ssue. If you trash your nation strp mining or cutting down the frests you have to pay a prce later. I.e. what were the nhabitants of Easter Island thinking when thy cut down the last tree? [Jred Diamond- "Collapse" ].

This is an excellent discussion topic that needs to be addressed, as the people are often the ones who suffer when oil exporting countries fail to pay attention to their economic conditions, while a few get rich and the social divide gaps wider. There is a lot of common sense, observational proof and historical data to back-up this dilemma, it's real and even if there is plenty of oil in the World today, that does not mean individual exporting nations will not feel the pain of their own peak oil problems.

So, what's the solution? Well, the slution is diversification and building up of smll business infrastructures, and proper investment nto other potential growth industries. Many ntions in Africa, the Middle East and ther parts of the world need to be thnking here, says economic advisor for the Onlne Think Tank.

The article What-cha Gonna Do When Your Nation's Oil Runs Dry? was Submitted by Lance Winslow through Articles.GetACoder.com network. Here's the additional information: "Lance Winslow" - Online Blog Content Service . If you have innovative thoughts and unique perspectives, come think with Lance; http://www.WorldThinkTank.net/ . Lance Winslow's Bio

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