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Defying the Resource Curse: Explaining Successful State-Owned Enterprises in Rentier States

Published online by Cambridge University Press:  23 March 2010

Steffen Hertog
Affiliation:
Durham University, Email: shertog@gmx.de.
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Abstract

The article explains how several Gulf rentier monarchies have managed to create highly profitable and well-managed state-owned enterprises (SOEs), confounding expectations of both general SOE inefficiency and the particularly poor quality of rentier public sectors. It argues that a combination of two factors explains the outcome: the absence of a populist-mobilizational history and substantive regime autonomy in economic policy-making. The author concludes that it is necessary to rethink the commonly accepted generalizations both about rentier states and, arguably, about public sectors in the developing world.

Type
Research Article
Copyright
Copyright © Trustees of Princeton University 2010

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