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Defying the resource curse: explaining successful state-owned enterprises in rentier states

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The article explains how several Gulf rentier monarchies have managed to create highly profitable and well-managed state-owned enterprises (soes), confounding expectations of both general soe inefficiency and the particularly poor quality of rentier public sectors. It argues that a combination of two factors explains the outcome: the absence of a populist-mobilizational history and substantive regime autonomy in economic policy-making. The author concludes that it is necessary to rethink the commonly accepted generalizations both about rentier states and, arguably, about public sectors in the developing world.

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en

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application/pdf

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http://eprints.lse.ac.uk/29834/1/Defying_the_resource_curse_%28Publisher%29.pdf

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