It is often argued that, ethically, resource rents should accrue to all citizens. Yet in reality the rents from exploiting national resources are often concentrated in the hands of a few. If resource rents were to be taxed, on the other hand, substantial amounts of public money could be raised...

Populated by predominantly young people, Mongolia's economy has relied heavily in recent years on mining. After several years of boom, the recent decrease in mining rents has only emphasized the pressing need for linking mining revenues to continuing demands in social expenditure, especially in...