GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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08:12 Jun 3, 2018 |
French to English translations [PRO] Social Sciences - Economics | |||||||
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| Selected response from: Claire Nolan Local time: 19:14 | ||||||
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Summary of answers provided | ||||
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3 +1 | (dependency on raw materials) giving rise to a rentier economy |
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4 | the catalyst/driving force of a rentier/rent-based economy |
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(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... |
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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... |
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