Publication

In this paper the author says Iraq’s oil industry has an opportunity to introduce an oil dividend based on expanding production. The predicted rise in revenues will allow the government to allocate a significant dividend that halves poverty, helps diversify the economy by creating demand at all income levels for goods and services, and stimulates capital formation—all without cutting into the government’s capital spending plans. He describes how such a dividend program could be structured by taking advantage of Iraq’s existing rationing system, ubiquitous mobile phone networks, and new biometric ID cards.