From the article:
Giving direct cash will help out the people that need it most and it could spur on development as people will then spend the money on local businesses and services. Additionally, it will reduce corruption and let the average citizen hold his or her government accountable for how money is spent.
That is the basic case made by Todd Moss of the Center for Global Development with his oil-to-cash initiative. A new working paper from World Bank economists Shanta Devarajan and Marcelo Giugale takes the idea and applies it to resource-rich African nations. They come up with some theoretical ways that countries can design schemes that will turn natural resources from a curse to a blessing.
Read it here.
