| Popis: |
The theoretical articulation of the concepts ‘rentier states’ and ‘rentier economies’ took place only recently. In 1970, H. Mahdavy introduced the concept of ‘rentier states’ to desig nate a situation under which the state’s dependence on external rents (that have very little to do with the productive effort of the society as a whole) is predominant. While Mahdavy concentrates largely on the state without establishing the important ties with the economy, Abdel-Fadil and Beblawi put greater emphasis on the economy, and define the concept of ‘rentier economy’ as an economy substantially supported by the rents that accrue from abroad. |
