All tagged rentierism

Iran's Government Steps in to Address Paper Crisis, But Papers Over the Cracks

◢ Iran is battling a paper crisis. Gradual price hikes have been increasing pressure on book and newspaper publishers over the last year, but the scale of the crisis became clear when Culture Minister Abbas Salehi announced on August 4 that the country has just enough newsprint paper in storage to meet two months worth of demand. The government has rolled out a support package that includes importing paper as an essential good. But the move defers real reform that is needed to address a decades-long problem of corruption and inefficiency.

Rentierism and Rivalry Between Riyadh and Tehran

◢ Though widely described as move to consolidate political power, Crown Prince Mohammad bin Salman's  decision to arrest members of the Saudi elite points to anxiety about Saudi Arabia's economic prospects and the risks of rentierism. 

◢ The rivalry between Saudi Arabia and Iran is driven by the fact that the Kingdom is increasingly economically vulnerable at a time when Iran's fortunes are set to improve.