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

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 di...

Full description

Bibliographic Details
Main Authors:	Auty, Richard, Pontara, Nicola
Format:	Journal Article
Language:	EN
Published:	2012
Subjects:	Economic Development: Agriculture Natural Resources Energy Environment Other Primary Products O130 Exhaustible Resources and Economic Development Q320 Resource Booms Q330
Online Access:	http://hdl.handle.net/10986/4795

id	okr-10986-4795
recordtype	oai_dc
spelling	okr-10986-47952021-04-23T14:02:19Z A Dual-Track Strategy for Managing Mauritania's Projected Oil Rent Auty, Richard Pontara, Nicola Economic Development: Agriculture Natural Resources Energy Environment Other Primary Products O130 Exhaustible Resources and Economic Development Q320 Resource Booms Q330 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. 2012-03-30T07:29:47Z 2012-03-30T07:29:47Z 2008 Journal Article Development Policy Review 09506764 http://hdl.handle.net/10986/4795 EN http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Journal Article Mauritania
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	EN
topic	Economic Development: Agriculture Natural Resources Energy Environment Other Primary Products O130 Exhaustible Resources and Economic Development Q320 Resource Booms Q330
spellingShingle	Economic Development: Agriculture Natural Resources Energy Environment Other Primary Products O130 Exhaustible Resources and Economic Development Q320 Resource Booms Q330 Auty, Richard Pontara, Nicola A Dual-Track Strategy for Managing Mauritania's Projected Oil Rent
geographic_facet	Mauritania
relation	http://creativecommons.org/licenses/by-nc-nd/3.0/igo
description	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.
format	Journal Article
author	Auty, Richard Pontara, Nicola
author_facet	Auty, Richard Pontara, Nicola
author_sort	Auty, Richard
title	A Dual-Track Strategy for Managing Mauritania's Projected Oil Rent
title_short	A Dual-Track Strategy for Managing Mauritania's Projected Oil Rent
title_full	A Dual-Track Strategy for Managing Mauritania's Projected Oil Rent
title_fullStr	A Dual-Track Strategy for Managing Mauritania's Projected Oil Rent
title_full_unstemmed	A Dual-Track Strategy for Managing Mauritania's Projected Oil Rent
title_sort	dual-track strategy for managing mauritania's projected oil rent
publishDate	2012
url	http://hdl.handle.net/10986/4795
_version_	1764392788741324800

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

Similar Items