Examples of rentier states include oil-producing countries in the MENA region including Saudi Arabia, United Arab Emirates, Iraq, Iran, Kuwait, Qatar, Libya and Algeria as well as a few states in Latin America, all of whom are members of OPEC. Rentierism also refers to a state-society relationship that is shaped primarily by the state's solitary access to oil rents and soci- ety's desire to access those same resources. By Geoffrey Wilson, Published on 01/01/10 The concept of rentierism is deeply entangled with understandings of state formation and state-society relations in the Arab Gulf states. But it’s not just about oil; rentierism and late-rentierism Rentierism in the Algerian economy based on oil and natural gas. Author links open overlay panel Alejandra Machín Álvarez. Show more. This essay analyzes Algeria’s degree of adaptation toward possessing the constituent features of an oil and gas rentier economy, and whether its current status could be threatened by changes to its energy The states in the Gulf Cooperation Council (GCC) are oil rent states that have seen success from exploiting their oil reserves. These states, Saudi Arabia, Kuwait, the United Arab Emirates, Qatar, Bahrain, and Oman, emerged with the discovery of oil. Prosperity allowed old monarchial and patrimonial governance structures to remain in power. A Theory of “Late Rentierism” in the Arab States of the Gulf 3 roughly a net amount of four million barrels of oil off the international market and lasted from October 1973 until March 1974. This period saw oil prices approximately quadruple, and they held this approximate level of US$12-13 per barrel for some years
Rentierism in the Algerian economy based on oil and natural gas. Author links open overlay panel Alejandra Machín Álvarez. Show more. This essay analyzes Algeria’s degree of adaptation toward possessing the constituent features of an oil and gas rentier economy, and whether its current status could be threatened by changes to its energy The states in the Gulf Cooperation Council (GCC) are oil rent states that have seen success from exploiting their oil reserves. These states, Saudi Arabia, Kuwait, the United Arab Emirates, Qatar, Bahrain, and Oman, emerged with the discovery of oil. Prosperity allowed old monarchial and patrimonial governance structures to remain in power.
Development of Rentierism Posted on March 13, 2014 by John Dudovskiy Rentier state theory is “a political economy theory that seeks to explain state-society relations in states that generate a large proportion of their income from rents, or externally-derived, unproductively-earned payments” (Gray, 2011, p.1). In an article for International Relations of the Middle East entitled, "Oil and Political Economy in the International Relations of the Middle East," Giacomo Luciani, one of rentierism’s most prominent thinkers, wrote that because the relationship between rentier states and their people involves money flowing from the government to the people in the form of entitlements — instead of from the people to the government in the form of taxes — rentier regimes are “financially independent
Development of Rentierism Posted on March 13, 2014 by John Dudovskiy Rentier state theory is “a political economy theory that seeks to explain state-society relations in states that generate a large proportion of their income from rents, or externally-derived, unproductively-earned payments” (Gray, 2011, p.1). State-society relations in the UAE can hence be explained in part as a product of rentierism. Further, a dependence upon oil for state finances has been shown to offer a “rentier effect”. Ross uses regression analysis to demonstrate how, as a state’s value of oil or mineral exports rises, there is a consistent decline in a regime’s Oil, Rentierism and the current Political Order in the Middle East Every economic activity is based on two components: effort and reward. However, rent is the income derived from possessions. Oil rentierism began to be studied within academic circles in the wake of two specific historical events: the “Declaration on Oil Policies of the Member Countries” formulated by the Organization of Petroleum Exporting Countries in 1968, and the strong increase in oil prices registered from 1973 onward (Beblawi and Luciani, 1987). Both events are meaningful landmarks in the history of hydrocarbons and its relation with rentierism, thus prompting analysis about rentierism’s The states in the Gulf Cooperation Council (GCC) are oil rent states that have seen success from exploiting their oil reserves. These states, Saudi Arabia, Kuwait, the United Arab Emirates, Qatar, Bahrain, and Oman, emerged with the discovery of oil. Prosperity allowed old monarchial and patrimonial governance structures to remain in power. THE RESOURCE CURSE AND RENTIERISM IN A NON-OIL DEPENDENT COUNTRY: AN ASSESSMENT OF THE MEXICAN OIL SECTOR By Luis Rodrigo Anaya Villafaña Submitted to Central European University Department of Political Science In partial fulfillment of the requirements for the degree of Master of Arts Supervisor: Professor Attila Folsz Budapest, Hungary 2016 the traits of “rentierism” (Beblawi and Lucianai, 1987; Beblawi, 1990:85). The rentier state is dependent mainly on extractive resource rents, taxes and royalties paid by multinational companies (MNCs), (over 80% in oil-states like Saudi Arabia, Nigeria and
The states in the Gulf Cooperation Council (GCC) are oil rent states that have seen success from exploiting their oil reserves. These states, Saudi Arabia, Kuwait, the United Arab Emirates, Qatar, Bahrain, and Oman, emerged with the discovery of oil. Prosperity allowed old monarchial and patrimonial governance structures to remain in power. A Theory of “Late Rentierism” in the Arab States of the Gulf 3 roughly a net amount of four million barrels of oil off the international market and lasted from October 1973 until March 1974. This period saw oil prices approximately quadruple, and they held this approximate level of US$12-13 per barrel for some years petroleum industries.11 Oil revenue accounts for the majority of state revenue. Thus, any disruption to the oil industry can be cata-strophic to the Arab rentier state. The Middle East’s “windfall wealth” derived from the oil industry revived the idea of unearned income.12 Between 1951 and 1956, particularly, massive amounts Development of Rentierism Posted on March 13, 2014 by John Dudovskiy Rentier state theory is “a political economy theory that seeks to explain state-society relations in states that generate a large proportion of their income from rents, or externally-derived, unproductively-earned payments” (Gray, 2011, p.1). State-society relations in the UAE can hence be explained in part as a product of rentierism. Further, a dependence upon oil for state finances has been shown to offer a “rentier effect”. Ross uses regression analysis to demonstrate how, as a state’s value of oil or mineral exports rises, there is a consistent decline in a regime’s Oil, Rentierism and the current Political Order in the Middle East Every economic activity is based on two components: effort and reward. However, rent is the income derived from possessions.