TY  - BOOK
AU  - Bourguignon,François
TI  - State capture in a rent-based society: an institutional diagnostic of Benin 
T2  - The Institutional Diagnostic Project
SN  - 9781009278522 (ebook)
AV  - HC1010 .S73 2023
U1  - 338.96683 23/eng/20230816
PY  - 2023///
CY  - Cambridge, United Kingdom ; New York, NY
PB  - Cambridge University Press
KW  - Economic development
KW  - Benin
KW  - Institutional economics
KW  - Economic policy
N1  - Title from publisher's bibliographic system (viewed on 13 Nov 2023); Open Access
N2  - Benin is a small, slow-growing economy whose development relies on two sources of rent that are controlled by self-centred elites: cotton export and illegal cross-border trade with Nigeria. Patrimonialism governs Beninese society as a forceful struggle for political power takes place between the oligarchs who control these sources and use them as formidable levers of power. State Capture and Rent-Seeking in Benin argues that this struggle causes the instability and unpredictability of economic policies, resulting in institutional problems that make economic diversification and growth difficult. Based on a thorough account of the economic, social, and political development of Benin, this institutional diagnostic provides a detailed analysis of its critical institution- and development-sensitive areas such as electoral campaign finance, state capture by business and elites, management of the cotton sector, the tax effort, the informal trading between Benin and Nigeria, and the political economy of land reform
UR  - https://doi.org/10.1017/9781009278522
ER  -