Rentier state and Ring fence: Difference between pages

Revision as of 14:15, 20 August 2013

1.

To legally separate particular assets or liabilities within a company or other organisation.

For example, to shield particular assets from the claims of the creditors of the non-ring fenced part of the entity.

2.

The legal barrier created for this purpose.

Sometimes written "ringfence".

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-Rentier state is a term coined by Hossein Mahdavy in 1970. This theory defines rentier states as those countries that receive on a regular basis substantial proportions of their total national revenue from the rental of indigenous resources to external clients.
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-An example of this type of rental is the payment for passage of ships through the Suez Canal.
+To legally separate particular assets or liabilities within a company or other organisation.
-The term 'rentier state' can also be applied more broadly to states which receive income from dealing in valuable natural resources such as oil, or financial instruments such as reserve currency or strategic resources such as military bases.
+For example, to shield particular assets from the claims of the creditors of the non-ring fenced part of the entity.
-The more general term 'rentier' originally referred to an individual living on income from property or from other investments.
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+The legal barrier created for this purpose.
-==See also==
+Sometimes written "ringfence".
-*[[World Bank]]
-[[Category:Corporate_financial_management]]