Introduction -- The nature of a political resource -- Capturing oil -- Marketing oil -- Living with oil -- Securing oil -- Developing through oil -- Governing oil -- Better and beyond: the future of oil

Among scholars who focus on the politics of natural resources, conventional wisdom asserts that resource-scarce states have the strongest interest in securing control over resources. Counterintuitively, however, in Perils of Plenty, Jonathan N. Markowitz finds that the opposite is true. In...

This How to Note provides operational guidance for policymakers and IMF staff teams on designing-or revising-a fiscal strategy in resource-rich countries (RRC). Properly managed, resource revenue can support fiscal sustainability and development and equity objectives. Resource revenues also...