Abstract

 


 



Un Manifesto Economico Per I Paesi Del Golfo Persico Esportatori Di Petrolio ( An Economic Manifesto for the Oil Exporting Countries of the Persian Gulf)


Hossein Askari


George Washington University - Department of International Business

George M. Jabbour


George Washington University - Department of Finance

December 15, 2006

Moneta e Credito, vol. LIX, n. 236, dicembre 2006, pp. 377-404.

Abstract:     
I paesi del Golfo Persico esportatori di petrolio hanno fallito dal punto di vista economico e sociale. È tempo di adottare un approccio radicalmente nuovo alla gestione dei ricavi petroliferi finché vi sono ancora riserve di petrolio e di gas. Noi proponiamo un approccio finalizzato ad azzerare il livello dei ricavi disponibili per i governi, istituendo allo stesso tempo un formale “Fondo petrolifero per tutte le generazioni”. Fondi petroliferi sono stati ipotizzati e realizzati anche da altri, ma nella nostra proposta il governo perderebbe (col tempo) qualunque accesso ai ricavi petroliferi; sottraendo denaro facile ai governi e ai sovrani, la probabilità di sprechi, corruzione e guerre risulterebbe ridotta, e vi sarebbe maggiore possibilità di adottare e mettere in pratica politiche economiche razionali finalizzate ad accrescere l’equità tra le generazioni.

(The oil-exporting countries of the Persian Gulf have failed economically and socially. It is time for a radical new approach to managing oil revenues while oil and gas reserves last. We propose an approach to cut the level of oil revenues available to governments to zero while incorporating a formal “Oil Fund for All Generations”. Others have proposed and implemented oil funds but in our proposal the government would (in time) lose all access to oil revenues; by taking easy money away from governments and rulers, the likelihood of waste, corruption and wars will be reduced, and there will be better chance of adopting and implementing rational economic policies to enhance equity across generations.)

Article originally published in the volume 59 issue 236 of Banca Nazionale del Lavoro Quarterly Review (also known as BNL Quarterly Review).

Number of Pages in PDF File: 28

Keywords: esaurimento pertolifero, fondo petrolifero, Golfo Persico

JEL Classification: O13, O53, Q48

Accepted Paper Series


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Date posted: May 15, 2012 ; Last revised: May 22, 2012

Suggested Citation

Askari, Hossein and Jabbour, George M., Un Manifesto Economico Per I Paesi Del Golfo Persico Esportatori Di Petrolio ( An Economic Manifesto for the Oil Exporting Countries of the Persian Gulf) (December 15, 2006). Moneta e Credito, vol. LIX, n. 236, dicembre 2006, pp. 377-404.. Available at SSRN: http://ssrn.com/abstract=2059975

Contact Information

Hossein Askari (Contact Author)
George Washington University - Department of International Business ( email )
2023 G Street NW
Washington, DC 20052
United States
George M. Jabbour
George Washington University - Department of Finance ( email )
2023 G Street
Washington, DC 20052
United States
202-994-3879 (Phone)
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