Dead Ends of Transition: Rentier Economies and Protectorates
After war, many countries, such as Bosnia, Kosovo, Afghanistan, or Iraq, the transition to a democratic market economy extremely difficult. This failure to thrive, Dead Ends of Transition demonstrates, is often the result of national reliance on foreign aid. Rentier states, the contributors to this study argue, have few incentives to respond to the needs of their societies. Taking a closer look at the policies of rentier economies, this book further identifies new ways in which these countries and their international partners could work together to ease the critical transition to democracy.
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accountability administration Angola Arab assets authoritarian Bonn powers Bosnia and Herzegovina Botswana budget building central bank civil society commodity companies conflict Congo corruption countries crises Dayton Agreement decisions democracy democratic dependent diamonds diversification domestic donor Dutch disease economic growth ECOWAS effects elections elites exports external actors fiscal forces foreign global groups Gulf of Guinea implemented important incentives industry initial institutions intervention investment Iraq ITie Kosovo late development Liberia lowever market economy ment military municipal natural capital natural resources Nigeria oil funds oil prices oil revenues oil wealth oil-rich organizations parties peace percent political population post-conflict protectorates rebel reform regime region rent income rent-seeking rentier economies Representative Republika Srpska resource curse resource rents resource wealth role rule sector Sierra Leone social capital SOEs stability strategy structures tion transformation transition transparency UNMIK Yes Yes