For rulers whose territories are blessed with extractive resources - such as petroleum, metals, and minerals that will power the clean energy transition - converting natural wealth into fiscal wealth is key. Squandering the opportunity to secure these revenues will guarantee short tenures, while...

"If political rulers' first struggle is gaining power, strategically securing the means to accrue and retain that power is a close-run second. For rulers whose territories are blessed with extractive resources, such as petroleum, metals, minerals, and other precious commodities, converting...