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Rentier Developmentalism, Servicization and DInRT Economies

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  • constantine, collin

Abstract

This article draws a parallel between rentier capitalism and what the author calls rentier developmentalism. This refers to the growing influence of rent seeking or DInRT sectors: Distribution, ICTn (that are non-tradable), Restaurant and Transportation & storage. Similar to rentier capitalism and financialization, the growth of DInRT economies is part of a serivicizaton process that result in economic fragility and increasing inequality. Therefore, further classification of countries into FIRE and DInRT economies are needed to ascertain the quality and inclusive nature of growth in the poor and developing world. The article highlights the importance of re-incorporating the concept of Ricardian rents and differentiating these from profits in economic analysis.

Suggested Citation

  • constantine, collin, 2014. "Rentier Developmentalism, Servicization and DInRT Economies," MPRA Paper 60331, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:60331
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    References listed on IDEAS

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    More about this item

    Keywords

    financialization; inequality; rentier developmentalism; rent seeking;
    All these keywords.

    JEL classification:

    • D30 - Microeconomics - - Distribution - - - General
    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O54 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean

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