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The oil-curse has several components, and though the “Dutch Disease” is an important one, it is still very far from being the worse. The worst part of the oil-curse is when the decisions of how the oil revenues are to be used are centralized in some few political and bureaucratic hands thereby making the government wealthy independently of the citizens at the same time it causes the citizens to expect favors, not from the neutral oil but from those who distribute the oil revenues. The above makes a mockery of any real sort of democracy, and which is why I profoundly resent and object to when the Extractive Industries Transparency Initiative, EITI, the initiative which almost monopolizes the debate about oil-curse, establishes as their 2nd Principle “We affirm that management of natural resource wealth for the benefit of a country’s citizens is in the domain of sovereign governments to be exercised in the interests of their national development.” If net oil revenues were distributed to all citizens on a per capita basis during the first nanosecond of the month, then and only then would the governments be free to devote their whole time to be governments and the citizens to be citizens. http://theoilcurse.blogspot.com/ http://www.petropolitan.blogspot.com/