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Rentier Developmentalism, Servicization and DInRT Economies

constantine, collin (2014): Rentier Developmentalism, Servicization and DInRT Economies.

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Abstract

This article draws a parallel between rentier capitalism and what the author calls rentier developmentalism. This refers to the growing influence of rent seeking or DInRT sectors: Distribution, ICTn (that are non-tradable), Restaurant and Transportation & storage. Similar to rentier capitalism and financialization, the growth of DInRT economies is part of a serivicizaton process that result in economic fragility and increasing inequality. Therefore, further classification of countries into FIRE and DInRT economies are needed to ascertain the quality and inclusive nature of growth in the poor and developing world. The article highlights the importance of re-incorporating the concept of Ricardian rents and differentiating these from profits in economic analysis.

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