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1. a) Explain the key problematique(s) identified in Seers' Mechanism of the Open Petroleum Economy. b) What is a Rentier State and Rent-seeking Behaviour? Elaborate

1. a) Explain the key problematique(s) identified in Seers' Mechanism of the Open Petroleum Economy. b) What is a Rentier State and "Rent-seeking Behaviour"? Elaborate on the key interventions necessary to dismantle a Rentier State.

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