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NYT: Avoiding the Curse of the Oil-Rich Nations

Author: Tina Rosenberg

"If a government can finance itself through the profits on oil, it needn't collect taxes. Let me suggest that this is not a good thing. Taxes create accountability — citizens want to know how the government is spending their money. Substituting oil revenues decouples government from the people. The list of the world's worst-governed countries today features many that are dependent on the production of oil: Nigeria, Angola, Chad, Venezuela, Libya, Equatorial Guinea."


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Essential Documents

Joint Statement on U.S.-EU Negotiations for a Transatlantic Trade and Investment Partnership, February 2013

President Barack Obama, European Council President Herman Van Rompuy, and European Commission President José Manuel Barroso gave this joint statement on February 13, 2013. It announced the launch of negotiations for a Transatlantic Trade and Investment Partnership, at the recommendation of a report from the U.S.-EU High Level Working Group on Jobs and Growth.

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Ask CFR Experts

Should the United States continue to provide economic aid to Egypt?

The Egyptian uprising presents a rare opportunity for the United States to resolve the tension between its strategic priorities in the Middle East and its desire to support democratic change in the region. Washington's past approach to aiding Egypt was based on relations with authoritarian leaders who could be counted on to advance the United States' interests. With the fall of Hosni Mubarak and Egyptian efforts to build a more open political system, a policy based on "authoritarian stability" is no longer possible, and the United States is now forced to alter the way it appropriates and distributes bilateral assistance.

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Audio

A Conversation with Ban Ki-moon

Speaker: Ban Ki-moon
Presider: Christiane Amanpour

United Nations secretary-general Ban Ki-moon discusses the challenges and responsibilities facing the international community today.

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Video

A Conversation with Ban Ki-moon

Speaker: Ban Ki-moon
Presider: Christiane Amanpour

United Nations secretary-general Ban Ki-moon discusses the challenges and responsibilities facing the international community today.

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Interview

Papacy in Transition

James P. McCartin interviewed by Bernard Gwertzman

The surprise resignation of Pope Benedict XVI has given rise to speculations that the next pontiff to lead the Catholic Church will hail from the developing world, says expert James P. McCartin.

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Essential Documents

Report of the U.S.-EU High Level Working Group on Jobs and Growth, February 2013

Led by EU Trade Commissioner Karel De Gucht and Unites States Trade Representative Ron Kirk, the U.S.-EU High Level Working Group on Jobs and Growth presented its final report on February 11, 2013. It recommended the launch of trade and investment negotiations between the United States and the European Union, which leaders announced they would do.

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