Abstract
The theoretical articulation of the concepts ‘rentier states’ and ‘rentier economies’ took place only recently. In 1970, H. Mahdavy introduced the concept of ‘rentier states’ to desig nate a situation under which the state’s dependence on external rents (that have very little to do with the productive effort of the society as a whole) is predominant. While Mahdavy concentrates largely on the state without establishing the important ties with the economy, Abdel-Fadil and Beblawi put greater emphasis on the economy, and define the concept of ‘rentier economy’ as an economy substantially supported by the rents that accrue from abroad.
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Notes
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© 1999 Palgrave Macmillan, a division of Macmillan Publishers Limited
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Abdulla, K.M. (1999). The State in Oil Rentier Economies: the Case of Bahrain. In: Abdelkarim, A. (eds) Change and Development in the Gulf. Palgrave Macmillan, London. https://doi.org/10.1057/9780230376007_3
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DOI: https://doi.org/10.1057/9780230376007_3
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