EFFECTS OF RENT SEEKING IN DEVELOPING COUNTRIES

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Though a large number of scholars perceive rent seeking mainly corruption as an undesirable phenomenon  bearing detrimental consequences in various countries world over, a debate still continues as to whether rent seeking act as “sand or oil to the machine” (Mushtaq et al, 1995). It is also argued that rent seeking is inevitable and cannot be completely done away with especially in developing countries. This paper serves to examine the economic effects of rent seeking with reference to evidence from developing economies. Click here to view the paper...

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