Glossary entry

French term or phrase:

le ferment d’une économie rentière

English translation:

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

Added to glossary by Claire Nolan
Jun 3, 2018 08:12
5 yrs ago
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French term

le ferment d’une économie rentière

French to English Social Sciences Economics
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.
Change log

Jun 8, 2018 10:34: Claire Nolan Created KOG entry

Proposed translations

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

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...
Peer comment(s):

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 KudoZ points awarded for this answer.
4 hrs

the catalyst/driving force of a rentier/rent-based economy

'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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