The politics of budgetary capture in rentier states: who gets what, when and how in Afghanistan

2021 ◽  
pp. 1-23
Author(s):  
Mohammad Qadam Shah
Keyword(s):  
Rentier States

Has the Sovereign Wealth Fund of Azerbaijan (SOFAZ) Been Able to Promote Economic Diversification?

2013 ◽  
Author(s):  
Vahid Yücesoy
Keyword(s):  
Fossil Fuels ◽  
Dutch Disease ◽  
Future Generations ◽  
Direct Control ◽  
Economic Diversification ◽  
Sovereign Wealth Funds ◽  
Sovereign Wealth Fund ◽  
Rentier States ◽  
Oil Revenues ◽  
Rich Countries

Oil-rich countries have oftentimes been confronted with the challenge of diversifying their economies away from oil dependence given the exhaustible nature of these fossil fuels. Investing in sovereign wealth funds has been one of the most ubiquitous ways of preparing for the post-oil period. Investing in sovereign wealth funds rather than directly injecting the oil revenues in the economy not only precludes the outbreak of the Dutch Disease (which is known for giving rise to an exchange rate appreciation, crowding out non-oil industries and keeping the economy reliant on oil), but it also saves for future generations. Yet, in the case of Azerbaijan, the Sovereign Wealth Fund of Azerbaijan (SOFAZ), founded in 1999, has only increased this reliance on oil. Using the rentier states theoretical framework, this paper will argue that the direct control over SOFAZ exercised by the president and the lack of consultation with the NGOs have made corruption easier, making the task of economic diversification more difficult. This has been possible because through corruption the president has often resorted to oil money to buy peace rather than invest it in economic diversification. As a result, since the foundation of SOFAZ, the country is more reliant, not less, on oil.   Full text available at: https://doi.org/10.22215/rera.v8i1.223  

Systems of Governance and Politics of Opposition in the Super-Rentiers

2018 ◽  
Author(s):  
Courtney Freer
Keyword(s):  
Civil Society ◽  
Political Life ◽  
Political Environment ◽  
Popular Politics ◽  
Rentier State ◽  
Critical Information ◽  
Independent States ◽  
The Government ◽  
Legal Frameworks ◽  
Rentier States

This chapter provides a critical background on the country cases by examining their brief political histories as independent states. It also gives critical information about the legal frameworks of such states to highlight where and how Islamist groups can act in these states. By providing such descriptions, this chapter demonstrates the extent to which these states, in regime or popular politics, either adhere or fail to adhere to the government type and political environment normally associated with the rentier state. The chapter also reveals critical commonalities among the super-rentier states—they are governed by powerful ruling families; institutionalized political life is hampered; and civil society and political life remain largely informal—while also indicating their differences, which arose in light of their differing sociocultural and economic backgrounds.

Uncharted Territory

2018 ◽  
Author(s):  
Courtney Freer
Keyword(s):  
Literature Review ◽  
Arabian Peninsula ◽  
Academic Work ◽  
Political Islam ◽  
Original Research ◽  
Social Policies ◽  
Detailed Explanation ◽  
Rentier States ◽  
The Way

This introductory chapter outlines where and how this book contributes original research to the existing scholarship on politics of rentier states in the Arabian Peninsula, as well as the academic work on political Islam through a brief literature review. This book will demonstrate that political Islam serves as a prominent voice critiquing social policies, as well as promoting more strictly political, and often populist or reformist, views supported by a great many Gulf citizens. As laid out in this chapter, this book demonstrates that the way that Islamist organizations operate in the unique environment of the super-rentiers is distinct. It also presents information about the methodology and sources used, as well as a detailed explanation for the use of country cases chosen. The chapter closes by describing the format of the book.

scholarly journals A Theory of Civil Conflict and Democracy in Rentier States

2006 ◽  
Vol 108 (4) ◽  
pp. 571-585 ◽  
Author(s):  
Silje Aslaksen ◽  
Ragnar Torvik
Keyword(s):  
Civil Conflict ◽  
Rentier States

Rentier States and State Transformations

2015 ◽  
Author(s):  
Stephan Leibfried ◽  
Evelyne Huber ◽  
Matthew Lange ◽  
Jonah D. Levy ◽  
John D. Stephens ◽  
...  
Keyword(s):  
Rentier States

5. Oil and Political Economy in the International Relations of the Middle East

2019 ◽  
pp. 107-131
Author(s):  
Giacomo Luciani
Keyword(s):  
Political Economy ◽  
Middle East ◽  
International Relations ◽  
Political Development ◽  
Primary Source ◽  
The United States ◽  
The Political ◽  
The United Kingdom ◽  
Rentier States

This chapter looks at the role of oil in the political economy and the international relations of the Middle East. Oil is commonly considered a political commodity. Because of its pivotal importance as a primary source of energy, governments are concerned with its continued availability and seek to minimize import dependence. Historically, interest in oil — especially in the United Kingdom and the United States — strongly influenced attitudes towards the Middle East and the formation of the state system in the region, following the collapse of the Ottoman Empire. Oil also affects the power balance within the region. The polarization in the region between oil-rich and oil-poor states is thus an essential tool of analysis. The parallel distinction between rentier and non-rentier states helps to explain how oil affects the domestic political development of the oil-rich states and influences their regional relations.

scholarly journals Economic Diversification Potential in the Rentier States Towards for a Sustainable Development: A Theoretical Model

2019 ◽  
Vol 11 (3) ◽  
pp. 911 ◽  
Author(s):  
Abdullah Kaya ◽  
Evren Tok ◽  
Muammer Koc ◽  
Toufic Mezher ◽  
I-Tsung Tsai
Keyword(s):  
Theoretical Model ◽  
Global Economy ◽  
Oil And Gas ◽  
Economic Value ◽  
Optimal Level ◽  
Domestic Economy ◽  
Rentier State ◽  
Economic Diversification ◽  
The Status ◽  
Rentier States

This paper develops a theoretical model to analyze whether a rentier state can diversify its economy away from the rent revenue and hence sustain the economic development and preserve the status-quo. Considering the decarbonization process of the global economy and rapidly fall in economic value of hydrocarbons in the face of the supply glut, rentier states depending on oil and gas revenues urgently need to diversify their economies to avoid social backlash and political upheaval. There are three intertwining factors that determine an effective economic diversification away from the rent revenue: The profitability of non-rentier sectors, the size of the domestic economy to induce a “Big Push” for industrialization to non-rentier sectors, and the level of economic inclusivity. For an optimal level of economic diversification in a rentier state: (1) Non-rentier sectors should be attractive to private agents without the entry barriers; (2) domestic economy should be large enough to induce investment into non-rentier sectors; (3) the ruler(s) should have sufficient tolerance (inclusivity) for private agents investing into non-rentier sectors. Our findings indicate that a rentier state can achieve an optimal level of economic diversification provided that the conditions above are met even without any political change.

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