Independent research for global prosperity
Lawrence MacDonald, CGD vice president for communications and policy outreach, interviews a CGD expert in this weekly Podcast. The blog offers a short text summary.
Johnny West is a man of many talents. An expert on oil, civil society, and governance in the Middle East who works as an advisor to the UNDP, he is fluent in Arabic, spent more than two decades in the Middle East as a journalist for Reuters, and has just published a highly readable book recounting his journey through the Arab Spring.
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.
Ghana’s recent recalculation of its GDP led to an overnight $500 per capita jump, putting in motion unexpectedly rapid graduation from the International Development Association (IDA) and ultimately a new relationship with the World Bank. In this week’s Wonkcast, I speak with Todd Moss, vice president for programs and senior fellow at CGD, about his recent trip to the newly categorized lower-middle income country, the implications of IDA graduation, and a sudden influx of oil wealth.
On Saturday the world’s newest nation exuberantly celebrated its first independence day. The Republic of South Sudan, an area the size of Texas that is home to eight million people, has finally fulfilled its long-sought goal of freedom and self-determination. Independence however, is just the beginning.
As the BP well in the Gulf of Mexico continues to spew thousands of barrels of oil each day, media attention has been focused on the toll on nearby economies and ecosystems and on the U.S. political response. On this edition of the Global Prosperity Wonkcast, we look beyond the Gulf of Mexico to explore what implications America’s biggest environmental disaster might hold for the new offshore oil boom getting underway in Africa.
Oil and Africa. Boon or bust? In CGD’s first Global Prosperity Wonkcast I interview senior fellow Todd Moss on his innovative proposal for managing Ghana’s anticipated $1 billion per year oil windfall: money to the people.