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A unique account of Algerias economic breakdown, detailing the destructive relationship between a rentier state and a rent-seeking private sector.. Shedding new light on Algerias descent into economic chaos, this book is a unique interpretation of Algerias modern political economy. Chronicling state-business relations through periods of liberalization and structural adjustment, Dillman reveals how a political-military elite tragically undermined a once-promising economy and prevented productive transformation of the private sector. A system of hydrocarbon rent circulation and policy mismanagement deprived the economy of efficiency, legality, and accountability. Theoretically sophisticated and carefully documented with Algerian primary sources, this work is a valuable addition to the literature on rentier states as well as the politics of development in the Arab world.