Oil to Cash: Fighting the Resource Curse through Cash Transfers - Working Paper 237

Todd Moss

No 237, Working Papers from Center for Global Development

Abstract: 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, Todd Moss proposes 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 resources revenue often has on governance.

Keywords: cash transfers; resource curse; direct cash payments (search for similar items in EconPapers)
Pages: 20 pages
Date: 2010-12
New Economics Papers: this item is included in nep-cwa and nep-ene
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Citations: View citations in EconPapers (2)

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