Book Details

Rent-Seeking, Institutions and Reforms in Africa

Publish Date: 2006

ISBN: 978-0-387-33773-9

Internet Resource: Please Login to download book

This book identifies rent-seeking behaviour as one of the main causes of poor economic performance, observed, among other places, in many countries of Africa. Rent-seeking describes the ability to capture incomes without producing output or making a productive contribution. Since rent-seekers are often an integral part of an ailing economy and resist the adoption of reforms, understanding and anticipating rent-seeking behaviour is crucial for designing more adequate and effective policy reforms. Following a comprehensive theoretical elaboration of the causes, properties and consequences of rents and rent-seeking strategies in the context of economic reforms and development cooperation, this book presents a detailed case study on rent-seeking within the civil service, parastatal sector and business community. It demonstrates how rent-seekers in Tanzania have systematically delayed or undermined reforms such as tax reforms, trade liberalisation, privatisation or any reforms that aim to restrain corruption and embezzlement.

Subject: Business and Economics, Africa, Developing Countries, Development, Development Cooperation, Economic Policy, Rent-Seeking, Tanzania