Rentiers, Strategic Public Goods, and Financialization in the Periphery

Created
Thu, 13/04/2023 - 02:54
Updated
Thu, 13/04/2023 - 02:54
This paper revisits a traditional theme in the literature on the political economy of development, namely how to redistribute rents from traditional exporters of natural resources toward capitalists in technology-intensive sectors with a higher potential for innovation and the creation of higher-productivity jobs. Porcile and Lima argue that this conflict has been reshaped in the past three decades by two major transformations in the international economy.