Introduction.- Part I Why Is Rent-Seeking Relevant for Developing Countries and Their Reforms?: What Is Rent-Seeking?.- Evaluating Rents, Rent-Seeking Investments and Rent-Seeking Costs.- Addressing Fundamentals: Explaining the Motivation for and Success of Rent-Seeking Behaviour and Policies.- Reforms, Rent-Seeking and Rent-Seeking Opposition.- Part II Rent-Seeking: Empirical Evidence for Tanzania: From Socialist Ideology to Rent-Seeking Reality.- Stabilisation and Structural Adjustment in Tanzania: A Rent-Seeking Approach to Explain Reform Records.- Where Rent-Seekers Seek Rents: Parastatals-Hardliners in a Rent-Seeking Economy.- Conclusions and Policy Recommendations.- Appendices.- References.
This volume identifies rent-seeking behavior as a primary cause of poor economic performance in many places, particulary Africa. The book presents a detailed empirical study of rent-seeking within the civil service, parastatal sector, and business community in Tanzania. It quantifies and evaluates the rent-seeking behavior of more than 300 parastatal companies and the resulting impact on society. The conclusions on reform strategies are applicable to counties within and outside Africa.
Addresses rent-seeking in developing countries
Unusually broad, detailed, and systematic coverage
Brings together academic and professional perspectives