A Dual-Track Strategy for Managing Mauritania's Projected Oil Rent

• Tác giả: Richard Auty
• Ngôn ngữ: eng
• Ký hiệu phân loại: 939.71 *Mauretania to 647
• Thông tin xuất bản: 2012
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 298571
• Chủ đề: 1. Economic Development: Agriculture; 2. Energy; 3. Environment; 4. Natural Resources; 5. Other Primary Products O130

Tóm tắt

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.