Escaping the Resource Curse:
Managing Natural-Resource Revenues in Low-Income Countries
Hosted by
Center on Globalization and Sustainable Development
The Earth Institute at Columbia University
Sponsored by
The Open Society Institute
February 26, 2004
9:00 am – 5:30 pm
at the Faculty House, Columbia University
Workshop Sessions
9:00 to 9:30 Welcome and Introductions
George Soros (The Open Society Institute)Jeffrey Sachs (Columbia University)
9:30 to 10:30 Panel One: Managing Oil and Gas Discoveries
David Nissen (Columbia University), "Business, Market, and Governance Structures for Petroleum Activities"Jenik Radon (Columbia University)Ibironke Odumosu (University of Calgary), "The Role of the NNPC and Independent Regulatory Institutions in Nigeria"
10:30 to 10:45 Break
Chair for Panels Two and Three: Will Masters
10:45 to 11:45 Panel Two: Managing Resource Revenues (I)
Charles McPherson (The World Bank), "Managing Petroleum Revenues in Developing Countries"Nick Butler (BP)William Ascher (Claremont McKenna College), "Government-SOE Relationships to Reduce the Curse"
11:45 to 12:45 Panel Three: Managing Resource Revenues (II)
Michael Ross (UCLA)Philippe Le Billon (University of British Columbia), "Ensuring Accountability"Macartan Humphreys (Columbia University), "Oil and Government"Jesse Czelusta (Stanford University), "A Self-Fulfilling Curse?"
12:45 to 1:45 Lunch
Chair for afternoon panels: Karin Lissakers
1:45 to 2:45 Panel Four: Managing Resource Revenues (III)
Ira Lieberman (The World Bank)Arvind Subramanian (IMF), "Directly Distributing Natural Resource Revenues"Martin Sandbu (Columbia University), "Virtual Distribution: A Proposal to Alleviate the Natural Resource Curse"Simon Taylor (Global Witness)
2:45 to 3:45 Panel Five: Managing Economic Impacts
Richard Auty (Lancaster University), "Economic and Political Reform of Distorted Oil Economies" PP Presentation and Paper in MS WordPer Schreiner (ECON, Norway), "Managing the Economic Impact: Some Lessons from Norway"Will Masters (Columbia University), "Agriculture in the Boom: Strategic Management and Investment Priorities Where the (Poor) People Are"
3:45 to 4:00 Break
4:00 to 5:00 Panel Six: Discussion: Putting it all Together
Terry Karl (Stanford University)Joseph Bell (Hogan and Hartson, LLP)Hurst Groves (Columbia University)
5:00 to 5:30 Wrap-Up: Where Do We Go From Here?
Jeffrey Sachs (Columbia University)
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