Resource rents redistribution and halving global poverty: the resource dividend
This paper by Paul Segal considers the proposal that each country distribute its resource rents directly to citizens as a cash transfer or Resource Dividend and estimates its potential impact on global poverty. If every developing country implemented the policy then the number of people living below the World Bank’s $1-a-day global poverty line would be halved. Further potential benefits of the policy and a range of administrative and political challenges are discussed.
Energy Economics , Energy Policy
fiscal system , global poverty , mineral rights , poverty line , resource curse , Resource rent , resource wealth , SP 22 , SP22 , tax , World Bank