Written by the Fiveable Content Team • Last updated August 2025
Verified for the 2027 exam
Verified for the 2027 exam•Written by the Fiveable Content Team • Last updated August 2025
Definition
Economic and political behavior aimed at increasing one's share of existing wealth without creating new wealth, often involving corruption, monopolistic practices, or institutional capture in resource-rich economies.
AP course connection
Topic 5.4: 5.4 Policies and Economic Liberalization