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Oil to Cash

2015-06-10 Political Science
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Release : 2015-06-10
Genre : Political Science
Kind : eBook
Book Rating : 873/5 ( reviews)

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Book Synopsis Oil to Cash by : Todd Moss

Download or read book Oil to Cash written by Todd Moss. This book was released on 2015-06-10. Available in PDF, EPUB and Kindle. Book excerpt: What should a country do if it suddenly discovers oil and gas? How should it spend the subsequent cash windfall? How can it protect against corruption? How can citizens truly benefit from national wealth? With many of the world's poorest and most fragile states suddenly joining the ranks of oil and gas producers, these are pressing policy questions. Oil to Cash explores one option that may help avoid the so-called resource curse: just give the money directly to citizens. A universal, transparent, and regular cash transfer would not only provide a concrete benefit to regular people, but would also create powerful incentives for citizens to hold their government accountable. Oil to Cash details how and where this idea could work and how policymakers can learn from the experiences with cash transfers in places like Mexico, Mongolia, and Alaska.

Oil to Cash

2011 Economic assistance, Domestic
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Release : 2011
Genre : Economic assistance, Domestic
Kind : eBook
Book Rating : /5 ( reviews)

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Book Synopsis Oil to Cash by : Todd Moss

Download or read book Oil to Cash written by Todd Moss. This book was released on 2011. Available in PDF, EPUB and Kindle. Book excerpt: Many of the world's poorest and most fragile states are joining the ranks of oil and gas producers. These countries face critical policy questions about managing and spending new revenue in a way that is beneficial to their people. At the same time, a growing number of developing countries have initiated cash transfers as a response to poverty, and these programs are showing some impressive results. In this paper, I propose putting these two trends together: countries seeking to manage new resource wealth should consider distributing income directly to citizens as cash transfers. Beyond serving as a powerful and proven policy intervention, cash transfers may also mitigate the corrosive effect natural resource revenue often has on governance.

Oil to Cash

2015-06-10 Business & Economics
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Release : 2015-06-10
Genre : Business & Economics
Kind : eBook
Book Rating : 695/5 ( reviews)

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Book Synopsis Oil to Cash by : Todd Moss

Download or read book Oil to Cash written by Todd Moss. This book was released on 2015-06-10. Available in PDF, EPUB and Kindle. Book excerpt: Oil to Cash explores one option to help countries with new oil revenue avoid the so-called resource curse: just give the money directly to citizens. A universal, transparent, and regular cash transfer would not only provide a concrete benefit to regular people, but would also create powerful incentives for citizens to hold their government accountable. Oil to Cash details how and where this idea could work and how policymakers can learn from the experiences with cash transfers in places like Mexico, Mongolia, and Alaska.

Money in the Ground

1989 Gas industry
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Release : 1989
Genre : Gas industry
Kind : eBook
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Book Synopsis Money in the Ground by : John Orban

Download or read book Money in the Ground written by John Orban. This book was released on 1989. Available in PDF, EPUB and Kindle. Book excerpt:

Oil-to-Cash, Corruption, and the Resource Curse

2023
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Release : 2023
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Book Synopsis Oil-to-Cash, Corruption, and the Resource Curse by : Mohsen Veisi

Download or read book Oil-to-Cash, Corruption, and the Resource Curse written by Mohsen Veisi. This book was released on 2023. Available in PDF, EPUB and Kindle. Book excerpt: Many scholars see corruption as the main reason behind the poor development performance of many resource-rich economies, known as the resource curse. Some relate this to the shift in governments' source of income from taxation to resource rents. Taxation is seen as a social contract through which citizens hold their government accountable for the efficient allocation of public revenues. Resource windfalls can crowd out tax revenues and pave the way for corruption within public sector. A resource-to-cash transfer programme, known as oil-to-cash, has gained polarity to reinstate this link. Under such a plan, resource rents are transferred to the public and then taxed optimally, re-establishing the social contract in a tax-reliant economy. Despite their popularity in political and academic circles, there has been little theoretical work on how the plan aims to address the resource curse. Within a general equilibrium overlapping generation model, this paper attempts to fill this gap.

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