All of these economic activities are blighted by massive
rent-seeking on the part of private middlemen, and perhaps more significantly, government functionaries.
As a whole, they are an apt reflection of Pakistan's government - both at federal and provincial levels: incompetent, unproductive,
rent-seeking and clueless in terms of innovation.
The
rent-seeking groups can see their rents dissipated by other groups who push either for general rules or for rules to their own benefit.
We take into account the quality of bureaucracy with the possibility of
rent-seeking motives.
Otherwise, individuals can get rich by exploiting others, extracting wealth through
rent-seeking rather than creating wealth through genuine ingenuity.
All of a sudden, we realise we did not think through very carefully regarding the cost of our infrastructure (overpriced or overloaded with costs of
rent-seeking), servicing these loans, at what frequency and with what type of money?
Gatchalian, chairman of the Senate economic affairs committee, revealed this observation following receipt of the latest report of the US Office of the Trade Representative (USTR) that indicates that corruption, leakage, and
rent-seeking activities continue to plague the BOC.
'The latest report of the US Office of the Trade Representative (USTR) is a clear proof that corruption, leakage, and
rent-seeking activities continue to plague the Bureau of Customs,' Gatchalian said in a statement.
Most economists see
rent-seeking as wasteful (Buchanan 1980, p.
But Mnangagwa has already shown himself incapable of jettisoning the state centrist,
rent-seeking predilections of his predecessor.
It is also insecticide for the
rent-seeking parasites who tax humanity at every level where rule of law is absent."
Bukit Bintang MP Fong Kui Lun is contemplating suing a Parti Pribumi Bersatu Malaysia (PPBM) ally after being tarred in the corruption controversy raging over
rent-seeking in Masjid India.
