This paper contributes to the growing political economy literature of within-country natural resources management, by proposing a new resource policy for the oil-rich southern Italian region of Basilicata. The policy proposal is to establish a (regional) wealth fund in which all the royalty...

"A re-conceptualisation of the widely-held concept of the "resource curse," which contends that resource booms inevitably lead to numerous political, social and economic problems. This book counters that these problems are by no means inevitable, but are rather the direct result of specific...