Rent-Seeking Cripples Reforms, Traps Developing Nations in Poverty
The article discusses how rent-seeking behavior affects reforms in developing countries like Tanzania. It explains what rent-seeking is, how it influences policies, and the costs involved. The researchers found that rent-seeking can hinder reforms and that parastatals play a significant role in seeking rents in Tanzania's economy. The study suggests addressing the motivations behind rent-seeking to improve reform outcomes.