When a poor country finds oil, bad things often get worse. Countries rich in extractable natural resources, especially oil, frequently suffer from crummy governance, high poverty, endemic corruption and conflict. Is it possible to beat this oil curse? My guest on the Wonkcast this week, Todd Moss, CGD vice president for programs and senior fellow, says yes. He argues that a government that transfers some or all of its oil revenue to citizens in a universal, transparent, and regular taxable payment, could strengthen the social contract, fight corruption, and lay the foundation for future prosperity.
CGD Policy Blogs
- (-) Remove 2012 filter 2012
- (-) Remove Alan Gelb filter Alan Gelb
- (-) Remove Oil to Cash: Fighting the Resource Curse through Cash Transfers filter Oil to Cash: Fighting the Resource Curse through Cash Transfers
February 6, 2012