Patterns of Rent-Extraction and Deployment in Developing Countries: Implications for Governance, Economic Policy and Performance

Richard M. Auty

No RP2006-16, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: Rents tend to be relatively high in developing countries and also very fungible, so that differences in the scale of the rent and in its distribution among economic agents profoundly affect the nature of the political state and the development trajectory. This paper identifies two basic trajectories to a high-income democracy linked to the scale and deployment of rents.

Keywords: Democratization; Economic development; Economic policy; Government accountability; Natural resources (search for similar items in EconPapers)
Date: 2006
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Citations: View citations in EconPapers (5)

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