
Managing the mineral boom in PNG
Managing the mineral boom in Papua New Guinea January 2, 2012 Article by Sir Mekere Morauta, Minister for State Enterprises For the East Asia Forum Navigating a small economy through the choppy waters of the global economy is never easy. But it is even harder when facing the peaks and troughs of resource booms and the unpredictable undercurrents of a complex polity. At independence in 1975, when I was Secretary for Finance, we created a mineral resources stabilisation fund (M