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A Dual-track Strategy for Managing Mauritania's Projected Oil Rent.
- Source :
- Development Policy Review; Jan2008, Vol. 26 Issue 1, p59-77, 19p, 5 Charts
- Publication Year :
- 2008
-
Abstract
- High rent creates contests for its capture that, unless skilfully managed, degrade political institutions and distort the economy, leading to a collapse of growth if unreformed. Mauritania's projected oil stream risks such an outcome because past rent-driven growth has left a legacy of Dutch disease effects, rent-seeking and dependent social capital. This article proposes a dual-track strategy for deploying the oil rent as a politically practical means of managing social tensions and improving the economic outcome. Track one promotes a dynamic market economy in the hitherto neglected rural areas, while track two gradually reforms the rent-driven urban sector, thus postponing confrontation with established rent-seekers while the dynamic sector drives competitive diversification of the economy and builds a pro-reform political constituency. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 09506764
- Volume :
- 26
- Issue :
- 1
- Database :
- Complementary Index
- Journal :
- Development Policy Review
- Publication Type :
- Academic Journal
- Accession number :
- 27767022
- Full Text :
- https://doi.org/10.1111/j.1467-7679.2008.00398.x