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

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  • Todd Moss

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.

Suggested Citation

  • Todd Moss, 2010. "Oil to Cash: Fighting the Resource Curse through Cash Transfers - Working Paper 237," Working Papers 237, Center for Global Development.
    • Handle: RePEc:cgd:wpaper:237
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    File URL: http://www.cgdev.org/content/publications/detail/1424714/
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    Cited by:

    1. Hertog, Steffen, 2020. "Reforming wealth distribution in Kuwait: estimating costs and impacts," LSE Research Online Documents on Economics 105564, London School of Economics and Political Science, LSE Library.
    2. Ruba A. Aljarallah & Andrew Angus, 2020. "Dilemma of Natural Resource Abundance: A Case Study of Kuwait," SAGE Open, , vol. 10(1), pages 21582440198, January.

    More about this item

    Keywords

    cash transfers; resource curse; direct cash payments;
    All these keywords.

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