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HGS Virtual General Lunch – Economic Effects of Giant Oil & Gas Discoveries
April 27, 2022 @ 12:00 pm - 1:00 pm
Wednesday, April 27, 2022
Virtual Event
12:00pm – 1:00pm
Member- $15 Non-Member- $30 Students – $10
A confirmation email will be sent upon registration with meeting links.
To guarantee a spot, you must pre-register on the HGS website and pay with a credit card. Please cancel by phone or email within 24 hours before the event for a refund. Online & pre-registration closes Wednesday, April 27 at 12:00 p.m.
**Non-Members can submit an application and pay their dues before registering to get the member price. Please call the HGS office at 713-463-9476 to be registered only AFTER your application and dues are submitted.**
Speaker: David Mihalyi
David Mihalyi is a development economist focused on the impact of natural resource wealth on public finances. He spent the last decade studying, advising and providing trainings on this issues across countries in Africa.
Economic Effects of Giant Oil & Gas Discoveries
We present new data and statistics on the economic importance of giant oil and gas discoveries. Giant discoveries are major economic events – they reveal previously unknown subsoil riches, and preview a flow of investment and revenues to countries over the coming decades. For lower income countries they can exceed in net present value terms the entire annual GDP of the country. We discuss how countries have managed these opportunities – for some it has led to decades of sustained prosperity, for others it has failed to generate anticipated benefits, creating a dependence on resource revenues, and in some cases exacerbated problems of economic mismanagement, corruption and conflict. A new strand of social science literature is now interested in the effect of discoveries in isolation from the longer-term effects of a country becoming resource-dependent. We review this work, concluding that the news of a giant discovery can significantly shift the economic and political trajectories of countries, for better and for worse.
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url:https://www.hgs.org/civicrm/event/info?reset=1&id=2349
time zone:Floating
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