Publication
Sep 2012
This paper considers whether the direct and automatic distribution of oil rents to citizens is a viable option in Venezuela. Despite the high price of oil, the Venezuelan economy is stagnant. The authors argue that high oil rents collected by the state, together with the lack of formal and transparent mechanisms to facilitate citizen oversight, are a large part of the problem. They look at the direct distribution of these rents as a possible solution.
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English (PDF, 38 pages, 759 KB) |
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Author | Pedro L Rodríguez, José R Morales, Francisco J Monaldi |
Series | CGD Working Papers |
Issue | 306 |
Publisher | Center for Global Development (CGD) |
Copyright | © 2012 Center for Global Development (CGD) |