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"When you look around the world it's almost as if Thatcher/Reagan economic revolution never happened. The largest pool … of wealth in the world - a global total that is twice the world's total pension savings, and ten times the total of all … yet, while this is the largest pool of assets in the world, is also one of the murkiest - what goes on inside them is …
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Contemporary policy debates on the macroeconomics of resource booms often concentrate on the short-run Dutch disease effects of public expenditure ignoring the possible long-term effects of alternative revenue-allocation options and the supply-side impact of royalty-financed public investments....
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