Rentier State Law and Legal Definition

Rentier state means a country that receives substantial amounts of oil or other types of revenues from the outside world on a regular basis. It is independent from its society, unaccountable to its citizens, and autocratic. For instance, the countries such as Iran, the Gulf States, many African states like Nigeria, Gabon with abundant resource wealth are called rentier. A rentier state and rentier economy contributes to a rentier mentality, which adversely affects a country’s economy and long-term prospects.