ARYO also opened up the audition process in Russia by establishing direct ties with provincial conservatories, bypassing Moscow. Until ARYO pursued this approach, the national franchise on young Russian talent was held exclusively by Moscow. More than that, taking its cue in part from ARYO, Russia now is launching its own youth orchestras. In other words, oil can be a curse as well as a blessing. Petroleum companies are correct to urge caution.
Oil can bring wealth, but it is most selective in how benefits are distributed.
Venezuela may be a more apt example for your story than the North Sea. Without appropriate fundamentals such as benign political institutions and the rule of law, the myopic hope for an oil miracle for East Timor may go down in history as a painful pipe dream. Many figures have been bandied about on the costs of an Indian nuclear-weapons programme. Review Publishing Company Limited, Hong Kong. All rights reserved.