Resource rents redistribution and halving global poverty

June 22, 2009 | 00:00

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.

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