A Dual-track Strategy for Managing Mauritania's Projected Oil Rent
AbstractHigh 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. Copyright 2008 Blackwell Publishing Ltd.
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Bibliographic InfoArticle provided by Overseas Development Institute in its journal Development Policy Review.
Volume (Year): 26 (2008)
Issue (Month): 1 (01)
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- Magnoli Bocchi, Alessandro & Pontara, Nicola & Fall, Khayar & Tejada, Catalina M. & Cuervo, Pablo Gallego, 2008. "Reaching the millennium development goals : Mauritania should care," Policy Research Working Paper Series 4674, The World Bank.
- World Bank, 2010. "Mauritania - Policy Options to Enhance Private Sector Development : Country Economic Memorandum," World Bank Other Operational Studies 2858, The World Bank.
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