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For many countries, primarily in the Global South, extractivism –
the exploiting and exporting of natural resources – is big
business. For those exporting countries, natural resource rents
create hope and promise for development which can be a seductive
force. This book explores the depth of extractivism in economies
around the world. The contributions to this book investigate the
connection between the political economy of extractivism and its
impact on the sociopolitical fabric of natural resource exporting
societies in Asia, Africa, Latin America, and Eastern Europe. The
book engages with a comparative perspective on the persistence of
extractivism in these four different world regions. The book
focuses on the formative power of rents and argues that rents are
seductive. The individual contributions flesh out this seductive
force of rents on different political scales and how this seduction
affects a variety of actors. The book investigates how these actors
react to the prevalence of rent, how they align or break with
specific political and economic strategies, and how myths of
resource-driven development play out on the ground. The book,
therefore, underlines that rent theory bridges current debates in
different area communities and offers fresh insights into
extractivist societies’ social, economic, and political dynamics.
This book will be of significant interest to readers in political
economy, political science, development studies, and area studies.
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