State And Private Sector In Algeria: The Politics Of Rent-seeking And Failed Devlopment

by Bradford L. Dillman

Shedding new light on Algeria's descent into economic chaos, this book is a unique interpretation of Algeria's modern political economy. Chronicling state-business relations through periods of liberalization and structural adjustment, Dillman reveals how a political-military elite tragically undermined a once-promising economy and prevented productive transformation of the private sector. A system of hydrocarbon rent circulation and policy mismanagement deprived the economy of efficiency, legality, and accountability. Theoretically sophisticated and carefully documented with Algerian primary sources, this work is a valuable addition to the literature on rentier states as well as the politics of development in the Arab world.

184 pages, Hardcover

First published March 16, 2000