Escaping the resource curse

Macartan Humphreys · Jeffrey Sachs · Joseph Eugène Stiglitz · George Soros

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Natural Resources and Economic Development Fiscal Policies and Political Economy Russia and Soviet political economy

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Foreword, by George SorosAcknowledgments1. Introduction: What Is the Problem with Natural Resource Wealth?, by Macartan Humphreys, Jeffrey D. Sachs, and Joseph E. StiglitzPart I: Dealing with Oil Corporations2. What Is the Role of the State?, by Joseph E. Stiglitz3. How to Evaluate the Fiscal Terms of Oil Contracts, by David Johnston4. How to Negotiate an Oil Agreement, by Jenik Radon5. How Best to Auction Oil Rights, by Peter CramtonPart II: Managing the Macroeconomy 6. Are Oil Producers Rich?, by Geoffrey Heal7. How to Handle the Macroeconomics of Oil Wealth, by Jeffrey D. Sachs8. The Political Economy of Natural Resource Funds, by Macartan Humphreys and Martin E. SandbuPart III: Handling the Politics 9. How Mineral-Rich States Can Reduce Inequality, by Michael L. Ross10. Ensuring Fairness: The Case for a Transparent Fiscal Social Contract, by Terry Lynn Karl11. Critical Issues for a Revenue Management Law, by Joseph C. Bell and Teresa Maurea Faria12. Future Directions for the Management of Natural Resources, by Macartan Humphreys, Jeffrey D. Sachs, andJoseph E. StiglitzAppendices1. Abridged Sao Tome and Principe Oil Law2. Abridged Timor-Leste Oil Law3. Glossary of Oil Terms4. Web Site ReferencesContributorsIndex

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