Resources-to-Cash: A Cautionary Tale from Mongolia
Abstract
Recently, the direct distribution of natural resource wealth through cash transfers (“resources-to-cash”) has been recommended to help avoid the resource curse. Mongolia is perhaps the only developing country that has actually introduced a resources-to-cash scheme. While the scheme has showed mixed results, overall it has been a failure, losing political and public support because of design and implementation flaws. One should not dismiss the...
Paper Details
Title
Resources-to-Cash: A Cautionary Tale from Mongolia
Published Date
Jan 1, 2015
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