HKS Affiliated Authors

Excerpt

The Natural Resources Trap: Private Investment without Public Commitment. William Hogan, June 2010, Book. "Volatility in commodity prices has been accompanied by perpetual renegotiation of contracts between private investors in natural resource production and the governments of states with mineral and energy wealth. When prices skyrocket, governments want a larger share of revenues, sometimes to the point of nationalization or expropriation; when prices fall, larger state participation becomes a burden and the private sector is called back in. Recent and newsworthy changes in..." (May require user account or purchase) Link