Chayes, Coll, and Suraju on Corruption in the Oil
The oil industry has long been an attractive target for corruption and corrupt actors. State owned oil companies have frequently been accused of being a conduit for syphoning off public funds into private bank accounts, despite repeated civil society efforts to fight these networks of corruption in countries like Brazil and Nigeria.
Sarah Chayes is a senior fellow in Carnegie’s Democracy and Rule of Law Program, and co-author of “The Oil Curse: A Remedial Role for the Oil Industry.” End of document About the Democracy, Conflict, and Governance Program
THE OIL CURSE Carnegie Endowment for International
4 The Oil Curse: A Remedial Role for the Oil Industry Dutch disease is almost unavoidable in countries whose primary export is oil. As foreign funds flow in to pay for oil, the country’s real exchange rate begins to appreciate. The country’s exports become more expensive and imports cheaper.
Get this from a library! The oil curse : a remedial role for the oil industry. [Sarah W Peck; Sarah Chayes; Carnegie Endowment for International Peace,] -- "The political and economic dysfunction known as the 'oil curse' is a complex, structural phenomenon, caused largely by poor management or investment of oil revenues by the governments of
Carnegie Endowment for International Peace
6 Thomas Carothers and Diane de Gramont, Development Aid Confronts Politics: The Almost Revolution (Washington, DC: Carnegie Endowment for International Peace, 2013), 148–49. “The Oil Curse: A Remedial Role for the Oil Industry,” Carnegie Endowment for International Peace, September 30,
Coll charts how Exxon’s entire corporate strategy is shaped by the need to gain equity control over, or “book,” new reserves to replace oil it has produced in a given year.
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grams at the Carnegie Endowment for International Peace. Formerly special adviser to the The political and economic dysfunction known as the “oil curse” is a complex, structural phe September 2015, “The Oil Curse: A Remedial Role for the Oil Industry,” Carnegie Endowment for International Peace, available at .
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Sarah Chayes amazon
The Oil Curse: A Remedial Role for the Oil Industry The political and economic dysfunction known as the “oil curse” is a complex, structural phenomenon, caused largely by poor management or investment of oil revenues by the governments of oil-producing countries.
We're also funding terrorism by supporting oppressive oil regimes, from Russia to Saudi Arabia. EV's improve the world more than just climate change. A bit unrelated, here's an article called "The Oil Curse: A Remedial Role for the Oil Industry" from the Carnegie
- What is the oil curse?
- The political and economic dysfunction known as the “oil curse” is a complex, structural phenomenon, caused largely by poor management or investment of oil revenues by the governments of oil-producing countries.
- Can the oil industry overcome the oil curse?
- If the majors can persuade enlightened leaders across the industry and around the world to join together to voluntarily adopt a common methodology for mitigating oil curse problems to promote stability, the industry would certainly benefit.
- Which countries are a curse for the oil industry?
- Additional information about these scores appears in table 7. Black countries include Iraq, Libya, Nigeria, Sudan, and South Sudan. These countries demonstrate that the oil curse is a curse for the oil industry as well as for the people living there. Nigeria is a cautionary tale.
- How do major oil companies deal with oil curse syndromes?
- As a result, the “majors” have an added incentive to persuade the industry to adopt practices that promote stability, in order to level the playing field and prevent a race to the bottom that could further fuel conflict. Establish a voluntary group of companies to draft recommendations aimed at addressing oil curse syndromes.
- Should the mining industry be a partner in the oil curse?
- Indeed, we suggest conferring with the mining industry as possible partners. Mahmoud Amin El-Gamal and Amy Myers Jafe, “The Oil Curse,” Oil Magazine, October 2009, 32 (noting that oil wealth has financed an arms race in the Middle East).
- Should the oil curse be read as an addendum to the book?
- On the issue of authoritarianism, that article should still be read and taught as an addendum to the book. The Oil Curse is a landmark book that brings together explanations about the impacts of oil on various key issues from authoritarianism to patriarchy, from conflict to development.
