Ideas to action: independent research for global prosperity
Guyana’s Oil Boom: 2 Steps Down, 4 to Go
March 27, 2019
ExxonMobil announced the discovery of two more massive oil fields off the coast of Guyana last month. If back-of-the-envelope estimates of around $5 billion of oil revenue per year are correct, that equates to around $6,410 USD per person—far more than the current GDP per c...
The Latest Oil-to-Cash Battleground: Juneau, Alaska
July 06, 2016
One of the nearest real-world examples of Oil-to-Cash is Alaska, which has paid an annual dividend to every state resident since 1982. One of the presumptive lessons drawn from Alaska’s experience has been that once a dividend was in place, political forces aligned to protect it from...
Giving Back the Oil Money? One of Africa’s Richest Leaders Could Do More
August 20, 2015
The President of Gabon, a small petro-state wedged between Cameroon and Congo, has announced that he’s giving some of his inheritance back “to the people of Gabon.” It’s a good start, but surely he can do better.
Cashing In on Coal
August 07, 2015
India is getting some serious cash from coal. According to official estimates, the government will get nearly $250 billion in revenues over a period of 30 years from the sale of over two hundred coal blocks to private bidders. Given India’s record of corruption and mismanagement of natural res...
Oil to Cash: Fighting the Resource Curse through Cash Transfers (CGD Brief)
June 09, 2015
This brief is a summary of the book Oil to Cash: Fighting the Resource Curse through Cash Transfers (Washington, DC: Center for Global Development, 2015).
Oil to Cash: Fighting the Resource Curse with Cash Transfers
June 05, 2015
Todd Moss, Caroline Lambert, and Stephanie Majerowicz offer a well-argued explanation of how oil-to-cash transfers could help countries overcome the corruption, economic volatility, and lack of government accountability that too often plague countries with rich resources but weak institutions.
Is It Finally Time for Oil to Cash (the Book Launch)?
June 02, 2015
What would happen if a country that struck oil decided to share the income directly with its own citizens? That’s precisely the question that Caroline Lambert, Stephanie Majerowicz, and I try to explore in our new book Oil to Cash: Fighting the Resource Curse with Cash Transfers.
Money to the People: Estimates of the Potential Scale of Direct Dividend Payments in Africa
May 21, 2014
Historical data shows that large natural resource endowments have not translated into better quality of life in Sub-Saharan Africa (“Africa” for short).
The Demand Side of Transparency—or Why EITI, PWYP, and Oil to Cash Are Complementary
December 12, 2013
As we’ve shared the idea of Oil to Cash—that a portion of resource revenues be given directly to citizens in a regular, transparent, and universal dividend—we’ve heard a lot of concerns, such as that it’s impractical or that it’ll make people lazy.
High-Level Endorsement for Oil2Cash
December 09, 2013
Donald Kaberuka, the President of the African Development Bank and the leading voice for forward-leaning economic policy on the continent, has come out publicly in favor of paying some portion of natural resource windfalls as a direct dividend to citizens. We’re pretty excited about this polic...