Maniza Naqvi and Marcelo Giugale, "Mineral Wealth Can Finance Direct Dividend Payments to Citzens"

Maniza Naqvi is a Senior Social Protection Specialist working on Safety Nets  in Malawi and Ethiopia.

Maniza Naqvi is a Senior Social Protection Specialist working on Safety Nets in Malawi and Ethiopia.

[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.

Marcelo Giugale, World Bank’s Director of Economic Policy and Poverty Reduction Programs for Africa

Marcelo Giugale, World Bank’s Director of Economic Policy and Poverty Reduction Programs for Africa

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.

Tim Kreider, “The ‘Busy’ Trap”

The author connects the way out of the busy trap to BIG, writing, “My old colleague Ted Rall recently wrote a column proposing that we divorce income from work and give each citizen a guaranteed paycheck, which sounds like the kind of lunatic notion that’ll be considered a basic human right in about a century, like abolition, universal suffrage and eight-hour workdays.”

Tim Kreider, “The ‘Busy’ Trap,” The New York Times Opinion Pages, June 30, 2012.