Research Library

The authors explore the history of the resource curse and provide summarize the working paper series titled “The Role of Foreign Direct Investment in Resource-Rich Regions.”

In this working paper, the authors suggest that companies must strive for transparent frameworks, political neutrality and a fair allocation of returns when engaging in foreign direct investment. This working paper is part of a series titled “The Role of Foreign Direct Investment in Resource-Rich Regions.”

To avoid the resource curse, nonresident fellow Todd Moss proposes a direct cash dividend to drive macroeconomic benefit, alleviate poverty and create incentives that drive demand for transparency and sound management. This working paper is part of a series titled “The Role of Foreign Direct Investment in Resource-Rich Regions.”

Michelle Michot Foss, fellow in energy and minerals, suggests that host governments are often not well positioned to implement market-based reforms and “liberalization.” This is problematic because foreign aid is subject to home country fiscal and political cycles. This working paper is part of a series titled “The Role of Foreign Direct Investment in Resource-Rich Regions.”

This working paper analyzes three key factors that characterize the “new normal” of China’s oil demand: slowing overall demand growth, gasoline replacing diesel as the demand driver, and a substantial rise in refined products exports.

This working paper analyzes how Iran's nuclear deal has affected the country's regional policies and stability in the Middle East.

While much has been made in recent years about the increasing liquidity and size of a spot market for liquefied natural gas, most LNG is still sold under confidential, long-term contracts. In fact, in 2013, according to data from the International Group of Liquefied Natural Gas Importers, 73 percent of all LNG trades took place under long-term contracts, which are especially prevalent in Asian markets. Despite the fact that this constitutes an enormous trade, there is very little transparency about how prices are specified, what actual transaction prices are or when pricing terms change. Using publicly available customs data on 16 different trade routes of the largest importers of LNG, graduate fellow Mark Agerton applies econometric techniques to estimate and characterize the empirical relationship between LNG import prices and crude oil prices.

A working paper that reveals some of the possible new directions in U.S. NGLs and their future use in world markets. By Al Troner, president of Asia Pacific Energy Consulting.

Venezuela is a textbook example of a resource-dependent country. Nevertheless, Venezuela currently combines an economy that is stagnant, despite high oil prices, with an increasingly authoritarian government.