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Rents in sentence

205 examples of Rents in a sentence

The history of the postcommunist transition has been a struggle between reformers who tried to build a market economy and ruthless businessmen, like Gazprom's managers, who thrive on only partly liberated markets, subsidized credits, import subsidies, export rents, and non-payment of taxes.
As Michael Spence and I argue in a recent paper, skill-biased and labor-displacing intelligent machines and automation drive income inequality in several other ways, including winner-take-all effects that bring massive benefits to superstars and the luckiest few, as well as rents from imperfect competition and first-mover advantages in networked systems.
During the infrastructure boom of the mid-to-late 2000s, public resources were captured under a “Rent Raj,” which put terrestrial rents (land and environmental permits), sub-terrestrial rents (coal), and even ethereal rents (spectrum) up for grabs.
There, as well as in Jordan and Turkey, local residents are facing financial ruin as rents and prices soar, unemployment rises, and salaries fall.
Only these institutions are capable of preventing the elite capture and insider rents that are putting global prosperity at long-term risk.
Given its risks and the gap between its social and private benefits, innovation requires rents – returns above what competitive markets provide.
In a related indicator of stress on American workers, the number of homeless people in the US actually rose in 2017 – the first increase since 2010 – partly driven by skyrocketing rents and housing prices.
But these “Rentiers” have not been able to translate the rents of their natural resource wealth into sustained economic growth.
The problem is that the reforms needed to achieve such growth – fighting corruption, protecting property rights, privatization, and integration into the global economy – directly threaten the elite’s ability to hold on to power and extract rents.
A string of unsuccessful policies had accelerated inflation in public and private contracts, affecting wages, rents, and bank deposits.
The main lesson from other resource-rich countries is that, in the absence of good governance – strong institutions, the rule of law, effective regulations – Lebanon’s energy windfall will likely lead to more corruption, as special interests and politicians try to capture the rents for themselves.
Such countries evolve a hierarchical authoritarian society in which the only incentive is to compete for privileged access to commodity rents.
In this winner-take-all environment, only a small number of those who have taken programming courses will reap a majority of the rents.
Or will the rich programmers all migrate to Monaco or Switzerland, taking the brains and rents with them, as society falls apart into barricaded and mutually resentful enclaves and ghettoes?
But looking down on the scene from the half-finished Morgan Centre, the luxury apartment complex (where annual rents are $800,000) and seven-star hotel that is arising beside the Olympic site, one is awestruck not only by the project’s grandeur, but by its design daring.
Low-value silver coins were used for small day-to-day transactions, including payment of modest wages and rents.
Instead, the state is the target of political entrepreneurs who strive to capture it in order to capture the rents that it controls.
A widespread perception in advanced countries is that the rents from technological innovation are being eroded precipitously.
The US factory worker of yesterday owed his standard of living to these rents.
But as the economist Richard Baldwin brilliantly shows in The Great Convergence, technology has become more accessible, production processes have been segmented, and many of the rents have gone.
Because these companies are treated as a source of power and rents, rather than of economic growth, they are peculiarly disinterested in competition, innovation, entrepreneurship, and productivity.
And cash-strapped governments continue to encourage oil and gas exploration, in part because the rents received by some account for a large part of their revenues.
That, together with policy subsidies, has created monopoly rents that are subject to capture by small interest groups.
And taxing natural-resource rents at high rates does not cause the adverse consequences that follow from taxing savings or work (reserves of iron ore and natural gas cannot move to another country to avoid taxation).
Others reflect policies that simply protect sectors from competition and generate rents and vested interests.
When there is a single price, all the various cost curves are merged into one and low-cost projects enjoy large rents.
The fundamental economic mechanism that determined how the world worked was the struggle for rents between workers and capitalists.
More intense competition, within and across countries, has decreased the available rents.
The limits on redistribution through the market are much tighter: trying to appropriate the rents may lead firms to move to emerging countries, or else to go bankrupt.
Global leadership today seems to be held hostage by financial interests and associated media, ideologists, and oligarchs whose political influence enables them to secure more rents and pay lower taxes in what must truly be the most vicious of circles.
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