[Craig Axford]
According to the Word Bank’s Maniza Naqvi, Alaska and Iran have something important in common: they both use revenues generated from their mineral resources to provide direct payments to their citizens.
World Bank economist Marcelo Guigale, also supports directly transferring money generated from oil, gas, and mineral development into the pockets of people. He argues this both strengthens the economy and reduces corruption. African nations in particular currently stand to see the greatest income gains by sharing the wealth generated from their rich mineral deposits with their citizens.
Maniza Naqvi, “Mining Mineral Revenues”, Nasikiliza “I am listening”: Stories of development from the World Bank in Africa, June 22, 2013.
Marcelo Giugale, “A Latin Solution to an African Problem“, The Huffington Post, May 30, 2012.