The Resource Curse — Managing the Windfall

Manage the Republic of Petrolia's offshore-gas windfall over 15 years of production. Allocate royalties across a sovereign wealth fund, immediate public spending, and a direct citizen dividend; choose Norway-style foreign-asset, Chile-style structural-balance, and constitutional-transparency rules; navigate the Dutch-disease channel, fiscal volatility, and the institutional preconditions that the modern resource-curse literature identifies as the binding variable. Discover that the resource curse is not a curse of resources but of institutional weakness in the presence of resource rents.