1,723,942 research outputs found
Sectoral Transformations in Neo-Patrimonial Rentier States: Tourism Development and State Policy in Egypt
Get PDFThis article challenges claims that liberalising state regulated markets in developing countries may induce lasting economic development. The analysis of the rise of tourism in Egypt during the last three decades suggests that the effects of liberalisation and structural adjustment are constrained by the neo-patrimonial character of the Egyptian political system. Since the decline of oil rent revenues during the 1980s tourism development was the optimal strategy to compensate for the resulting fiscal losses. Increasing tourism revenues have helped in coping with macroeconomic imbalances and in avoiding more costly adjustment of traditional economic sectors. Additionally, they provided the private elite with opportunities to generate large profits. Therefore, sectoral transformations due to economic liberalisation in neo-patrimonial Rentier states should be described as a process, which has led to the diversification of external rent revenues, rather than to a general downsizing of the Rentier character of the economy.Egypt, rentier state, economic liberalisation, economic development, tourism
UNITED ARAB EMIRATES : ECONOMIC POLICY AND RENTIER STATE IN TRANSITION
No full textreservedVisione economica e politica degli Emirati Arabi Uniti.
Nel primo capitolo si inquadra l’aspetto geografico, culturale e politico dello stato con anche degli aspetti macroeconomici e sul futuro dell’economia emiratina; il secondo capitolo verte principalmente sull’ambito economico e fiscale ed un’introduzione al rentierismo. Il terzo capitolo comprende la spiegazione completa riguardante il rentier state
A Paradox of Plenty? Rent Distribution and Political Stability in Oil States
Get PDFResource curse theory claims that resource abundance encourages violent conflict. A study of 37 oil-producing developing countries, however, reveals that oil states with very high levels of oil revenue are remarkably stable. An analysis of the ways in which governments spend oil revenues identifies two distinct types of rentier systems – the large-scale distributive state and the patronage-based system – which are strongly linked to instability or its absence. However, some deviant cases, such as Equatorial Guinea and Gabon, illustrate the need for further research. Apparently, the notion of a “paradox of plenty” has neglected rentier mechanisms that avoid conflict.Resource Curse, Paradox of Plenty, Oil, Rentier State, Violent Conflict, Political Stability, Developing World
Rentier Developmentalism, Servicization and DInRT Economies
Get PDFThis article draws a parallel between rentier capitalism and what the author calls rentier developmentalism. This refers to the growing influence of rent seeking or DInRT sectors: Distribution, ICTn (that are non-tradable), Restaurant and Transportation & storage. Similar to rentier capitalism and financialization, the growth of DInRT economies is part of a serivicizaton process that result in economic fragility and increasing inequality. Therefore, further classification of countries into FIRE and DInRT economies are needed to ascertain the quality and inclusive nature of growth in the poor and developing world. The article highlights the importance of re-incorporating the concept of Ricardian rents and differentiating these from profits in economic analysis
Rentier Islamism
No full textThis chapter comprises an extended, substantive conclusion to take into account individual country experiences and to compare these countries along common themes. In this final chapter, a new model is elucidated for understanding how Muslim Brotherhood movements influence government policies in the super-rentier states, which is called rentier Islamism. The chapter reprises the book’s critique of rentier state theory for its failure to appreciate the resiliency of ideological opposition to oil-wealthy regimes, who have tried various tactics to contain and suppress Islamism. The chapter concludes by predicting the lasting influence of the Muslim Brotherhood as exercising both political and cultural influence within the Gulf.</p
Research Assessment
No full textPresentation from Bernard Rentier in the Research Assessment panel at the Open Science FAIR 2019 (Porto, 16-17 September 2019).</p
Research Assessment
No full textPresentation from Bernard Rentier in the Research Assessment panel at the Open Science FAIR 2019 (Porto, 16-17 September 2019)
Defying the resource curse: explaining successful state-owned enterprises in rentier states
Get PDFThe article explains how several Gulf rentier monarchies have managed to create highly profitable and well-managed state-owned enterprises (soes), confounding expectations of both general soe inefficiency and the particularly poor quality of rentier public sectors. It argues that a combination of two factors explains the outcome: the absence of a populist-mobilizational history and substantive regime autonomy in economic policy-making. The author concludes that it is necessary to rethink the commonly accepted generalizations both about rentier states and, arguably, about public sectors in the developing world
Investigating low-carbon pathways for hydrocarbon-dependent rentier states: Economic transition in Qatar
No full textFor several decades oil-rich ‘hydrocarbon-dependent’ rentier states (countries) have been attempting to reduce their substantial economic reliance on oil, prompted by cyclical global commodity price volatility. Despite the sluggish economic diversification efforts, these states are now confronted with another structural challenge - an accelerating decline in global demand for fossil fuels as a part of climate change mitigation measures. With global economic agencies calling for rapid and unprecedented reductions in greenhouse gas emissions, there is an urgent need for these states to rapidly transition to a low carbon economy while minimizing adverse economic and social consequences. Addressing this imperative, the authors have sought to understand the ‘low-carbon pathways’ that could enable a rapid economic transition, using a two-stage Delphi study which used the hydrocarbon-dependent rentier state of Qatar as a case study. This paper presents the results of the Delphi study regarding the economic transition (part of the broader social change) from hydrocarbon-dependent to a low-carbon economy, investigating the key drivers and barriers and opportunities. The researchers propose a set of recommendations for facilitating economic transition away from the reliance on oil, to encourage the adoption of global and regional transition drivers, and overcome identified transition barriers. The study findings have implications for guiding public and private sector leaders to initiate and accelerate the transition in rentier state economies.No Full Tex
Rentier regimes and the Régulation Theory
No full textInternational audienceEconomic theory has been interested from its origins in the severe issues that result from rent, deciphering the ways by which the latter prevent or delay economic development. Several economies in the world heavily depend on rent for their growth regimes. ‘Rentier regimes’ can be defined as export-led structural growth models of economies that rest primarily on rent as external extra revenue. Using the theoretical framework of the Régulation Theory (RT), this chapter will examine the rentier regime as a specific accumulation regime. RT provides, inter alia, an analytic grid able to shed light on the particular configuration of key socioeconomic institutions, which often accompanies rentier regimes. It also presents the variety of rentier regimes that currently exist in an attempt to contribute to comparative studies of capitalism. The chapter ends by exemplifying this comparison, proposing RT-based comparative insights into three different national rentier regimes: Norway, Saudi Arabia and Russia
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