le ferment d’une économie rentière

English translation: (dependency on raw materials) giving rise to a rentier economy

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
French term or phrase:le ferment d’une économie rentière
English translation: (dependency on raw materials) giving rise to a rentier economy
Entered by: Claire Nolan

08:12 Jun 3, 2018
French to English translations [PRO]
Social Sciences - Economics
French term or phrase: le ferment d’une économie rentière
This is an article about global migration. A little unsure how to translate this as unsure of the term.

Trop de pays dépendent de trop peu des matières premières, celles-ci constituant le ferment d’une économie rentière et donc, par construction, corruptible et inefficace.
Alison Wedley
France
Local time: 00:14
(dependency on raw materials) giving rise to a rentier economy
Explanation:
Or a "rent-based economy".

"le ferment" is what makes the phenomenon happen.

http://www.ide.go.jp/English/Data/Africa_file/Manualreport/c...

China’s strategy enables the continent’s most dubious regimes to build up a rentier economy based on the massive exploitation of natural resources with very little real fixed investment flowing into that country and no pressure put on the regime to change. This is particularly so in a place like the DemocraticRepublic of Congo (DRC) where there is minimal fixed investment in mining – given China’s priority to beneficiate raw materials in China.



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Note added at 1 hr (2018-06-03 09:53:35 GMT)
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the terms rent, rentier economy, and rentier state should first be
understood. Rent can be described as “a reward for ownership of all natural resources,” defined broadly enough to include at least five different types of fortuitous endowments: raw-material rents accrued from the sale of raw materials and/or natural resources;

https://dra.american.edu/islandora/object/1213capstones:81/d...
Selected response from:

Claire Nolan
Local time: 19:14
Grading comment
4 KudoZ points were awarded for this answer



Summary of answers provided
3 +1(dependency on raw materials) giving rise to a rentier economy
Claire Nolan
4the catalyst/driving force of a rentier/rent-based economy
Francois Boye


  

Answers


1 hr   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +1
(dependency on raw materials) giving rise to a rentier economy


Explanation:
Or a "rent-based economy".

"le ferment" is what makes the phenomenon happen.

http://www.ide.go.jp/English/Data/Africa_file/Manualreport/c...

China’s strategy enables the continent’s most dubious regimes to build up a rentier economy based on the massive exploitation of natural resources with very little real fixed investment flowing into that country and no pressure put on the regime to change. This is particularly so in a place like the DemocraticRepublic of Congo (DRC) where there is minimal fixed investment in mining – given China’s priority to beneficiate raw materials in China.



--------------------------------------------------
Note added at 1 hr (2018-06-03 09:53:35 GMT)
--------------------------------------------------

the terms rent, rentier economy, and rentier state should first be
understood. Rent can be described as “a reward for ownership of all natural resources,” defined broadly enough to include at least five different types of fortuitous endowments: raw-material rents accrued from the sale of raw materials and/or natural resources;

https://dra.american.edu/islandora/object/1213capstones:81/d...

Claire Nolan
Local time: 19:14
Native speaker of: English
PRO pts in category: 8

Peer comments on this answer (and responses from the answerer)
agree  philgoddard: You might need to add a few words of explanation, because not many people apart from economists will be familiar with the term. Saudi Arabia and other oil states are rentier economies because they're overdependent on one resource.
2 hrs
  -> Thanks, Phil
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4 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
the catalyst/driving force of a rentier/rent-based economy


Explanation:
'catalyst' or 'driving force' is more common in economic analysis than 'ferment'

https://www.moroccoworldnews.com/2016/09/196859/rentier-econ...

Francois Boye
United States
Local time: 19:14
Specializes in field
Native speaker of: Native in FrenchFrench
PRO pts in category: 37
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