Rentier


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Rentier

1. A person who makes most or all of his/her income from the rental or property.

2. A state or government that has access to a great deal of liquidity and uses it to maintain hegemony over its population. For example, it may provide free or inexpensive health care using its excess money. Rentier states rarely assess taxes, and often acquire their liquidity through the sale of their natural resources, such as oil. Citizens of rentier states often (though not always) have little loyalty to these countries, which may go through difficult transition periods when the natural resources run out. See also: Rents.
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References in periodicals archive ?
A successful rentier model thus becomes self-fulfilling, providing increasing opportunities as long as investors continue to find them.
Fluctuating strategic fortunes explain why today's 'Brunei cannot compete with Singapore or even the ports on the west coast of the Malay Peninsula', presenting its colonially-created 'rentier state' as 'an additional economic dimension ...
The government news service Agencia Venezolana de Noticias (AVN) quoted Isturiz as also saying that President Perez 'pushed for price liberalization and the privatization of state assets, in contrast with the attitude of our government, which is committed to maintaining social improvements.' He quickly added that it was the rentier model, not socialism, that caused the current crisis.
Al Beblawi, Hazem, "The Rentier State in the Arab World", The Arab State, Giacomo Luciani (der.), London, Routledge Publishing, 1990.
Because each of the three partner nations is a rentier state, the decision over hosting American military forces is both political (i.e., domestic politics) and strategic, where ruling elites are confronted with often orthogonal political needs: to maintain the legitimacy of their rule and satisfy key domestic constituencies on the one hand and to balance external threats to their nation-states (in the case of the three case study partners, most often Iran and Iraq) on the other.
During the first half of the 20th century, Nauru was a "rentier state," a term to describe those states whose national revenues are mostly derived from renting indigenous resources to external clients.
If one assumes that the money capital lent by a rentier to industrial or commercial firms is subsequently invested by the latter to form real capital assets, then a double-counting problem becomes altogether obvious.
Losers are, for HM the King, "those who consider their seat as a source for rentier income, or as an inheritance that is there to stay forever.
ySTANBUL (CyHAN)- The literature offers the Arab state as the exemplifier of the typical rentier state.
The session included two working papers on the Rentier State, labour market, development discourse and the relationship between economic activity and the demand for labour in the Sultanate.
Also discussed in part two is: The Rentier State Theory: A Critical Realist Assessment This provides the reader with a very critical approach in looking at the resilience of Arab monarchies in the Middle East.
In Jordan, we need to transform the current rentier state status that cannot be maintained anymore into a fully-functioning productive state.