[PDF] Oil To Cash eBook

Author : Todd Moss
Publisher : Brookings Institution Press
Page : 188 pages
File Size : 45,73 MB
Release : 2015-06-10
Category : Political Science
ISBN : 1933286873

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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.

Author : Todd Moss
Publisher :
Page : 20 pages
File Size : 11,10 MB
Release : 2011
Category : Economic assistance, Domestic
ISBN :

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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.

Author : Todd Moss
Publisher : CGD Books
Page : 190 pages
File Size : 21,44 MB
Release : 2015-06-10
Category : Business & Economics
ISBN : 1933286695

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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.

Author : Mohsen Veisi
Publisher :
Page : 0 pages
File Size : 41,43 MB
Release : 2023
Category :
ISBN :

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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.

Author : Todd Moss
Publisher : CGD Books
Page : 146 pages
File Size : 20,46 MB
Release : 2012
Category : Business & Economics
ISBN : 1933286709

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Reliance on natural resource revenues, particularly oil, is often associated with bad governance, corruption, and poverty. Worried about the effect of oil on Alaska, Governor Jay Hammond had a simple yet revolutionary idea: let citizens have a direct stake. The Governor's Solution features his first-hand account that describes, with brutal honesty and piercing humour, the birth of the Alaska Permanent Fund dividend, which has been paid to each resident every year since 1982. Thirty years later, Hammond's vision is still influencing oil policies throughout the world. This reader, part of the Center for Global Development's Oil-to-Cash initiative, includes recent scholarly work examining Alaska's experience and how other oil-rich societies, particularly Iraq, might apply some of the lessons. It is as a powerful reminder that the combination of new ideas and determined individuals can make a tremendous difference --even in issues as seemingly complex and intractable as fighting the oil curse.

Author : Roger M. Olien
Publisher : UNC Press Books
Page : 296 pages
File Size : 23,20 MB
Release : 2017-10-01
Category : Political Science
ISBN : 1469639599

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During the great oil speculations in the 1920s, both promoters and investors became victims of their common greed. Outlining the activities of several different promoters and drawing on business papers, federal court records, and local land records, the Oliens describe the legal and regulatory responses to fraud. Their fascinating story breaks new ground in American social and business history and offers new insight into the culture of American capitalism.

Author : Philip Daniel
Publisher : Routledge
Page : 471 pages
File Size : 34,76 MB
Release : 2010-04-15
Category : Business & Economics
ISBN : 1136966951

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Oil, gas and mineral deposits are a substantial part of the wealth of many countries, not least in developing and emerging market economies. Harnessing some part of that wealth for fiscal purposes is critical for economic development: in few areas of economic life are the returns to good policy so large, or mistakes so costly.

Author : Steve Early
Publisher : Beacon Press
Page : 234 pages
File Size : 44,48 MB
Release : 2017-01-17
Category : Political Science
ISBN : 0807094277

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The People vs. Big Oil—how a working-class company town harnessed the power of local politics to reclaim their community With a foreword by Bernie Sanders Home to one of the largest oil refineries in the state, Richmond, California, was once a typical company town, dominated by Chevron. This largely nonwhite, working-class city of 100,000 suffered from poverty, pollution, and poorly funded public services. It had one of the highest homicide rates per capita in the country and a jobless rate twice the national average. But when veteran labor reporter Steve Early moved from New England to Richmond in 2012, he discovered a city struggling to remake itself. In Refinery Town, Early chronicles the 15 years of successful community organizing that raised the local minimum wage, defeated a casino development project, challenged home foreclosures and evictions, and sought fair taxation of Big Oil. A short list of Richmond’s activist residents helps to propel this compelling chronicle: • 94 year old Betty Reid Soskin, the country’s oldest full-time national park ranger and witness to Richmond’s complex history • Gayle McLaughlin, the Green Party mayor who challenged Chevron and won • Police Chief Chris Magnus, who brought community policing to Richmond and is now one of America’s leading public safety reformers Part urban history, part call to action, Refinery Town shows how concerned citizens can harness the power of local politics to reclaim their community and make municipal government a source of much-needed policy innovation. “Refinery Town provides an inside look at how one American city has made radical and progressive change seem not only possible but sensible.”—David Helvarg, The Progressive