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16
Is the hidden hand an iron fist? Capitalism and civil peace
- Journal of Peace Research
, 2010
"... Abstract There is surprisingly little empirical scholarship on the spread of capitalistic economic policies under the rubric of 'globalization' and domestic peace. While the classical liberals saw free markets leading to social harmony because of self-interest of individuals, who cooperat ..."
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Abstract There is surprisingly little empirical scholarship on the spread of capitalistic economic policies under the rubric of 'globalization' and domestic peace. While the classical liberals saw free markets leading to social harmony because of self-interest of individuals, who cooperate for profit, Marxists and others viewed markets as anarchical, requiring state intervention for obtaining justice and peace. The authors argue from an opportunity-cost perspective that the payoffs to rebellion are structured by how an economy is governed. Closed economies are likelier than more open ones to accumulate 'rebellion specific capital' because of high payoffs to organization in the shadows. Using an index of economic freedom that measures how free people are to transact in an economy, the authors find that countries more favorable to free enterprise have a reduced risk of civil war onsets, a result that is robust to the inclusion of institutional quality, per capita wealth, and sundry controls. The results hold up despite a battery of specification changes, alternative data, and testing methods. The findings do not suggest that states under conditions of capitalism lose their autonomy to provide the public good of peace, as skeptics of globalization claim. Peacemakers will do well to build institutions that reward productive investment over rent-seeking, alongside democratic institutions that ultimately gain their legitimacy on the back of good economic performance and well-functioning markets.
On the Looting of Nations
, 2008
"... We develop a dynamic discrete choice model of a self-interested and unchecked ruler making decisions regarding the development of a resource rich country. Resource wealth serves as collateral and facilitates the acquisition of loans. The ruler makes the recursive choice of either staying in power to ..."
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We develop a dynamic discrete choice model of a self-interested and unchecked ruler making decisions regarding the development of a resource rich country. Resource wealth serves as collateral and facilitates the acquisition of loans. The ruler makes the recursive choice of either staying in power to live off the productivity of the country while facing the risk of being ousted, or looting the country's riches by liquefying the natural assets through external lending. We show that 1) unstructured lending from international credit markets can enhance the ruler's ability to liquefy assets, and create incentives to loot the country's wealth; and 2) an enhanced likelihood of looting reduces tenures (greater political instability), increases indebtedness, reduces investment, and diminishes growth. We test these predictions using a treatment effects model and nd strong empirical evidence that instability caused by unsound lending to unchecked rulers of resource rich countries may result in slow economic growth.
National Revenue Funds Their efficacy for fiscal stability and intergenerational equity
, 2007
"... development by advancing policy recommendations on international trade and investment, economic policy, climate change, measurement and assessment, and natural resources management. Through the Internet, we report on international negotiations and share knowledge gained through collaborative project ..."
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development by advancing policy recommendations on international trade and investment, economic policy, climate change, measurement and assessment, and natural resources management. Through the Internet, we report on international negotiations and share knowledge gained through collaborative projects with global partners, resulting in more rigorous research, capacity building in developing countries and better dialogue between North and South. IISD’s vision is better living for all—sustainably; its mission is to champion innovation, enabling societies to live sustainably. IISD is registered as a charitable organization in Canada and has 501(c)(3) status in the United States. IISD receives core operating
The Political Logic of Renter’s Insurance: The Resource Curse, Institutions, and the Foundations of Institutional Strength in Latin America
, 2012
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SECURITY OF THE CENTRAL ASIAN ENERGY SYSTEM THROUGH REGIONAL-LEVEL ENERGY GOVERNANCE INNOVATIONS
, 2015
"... This Dissertation is brought to you for free and open access by Scholars Commons @ Laurier. It has been accepted for inclusion in Theses and Dissertations (Comprehensive) by an authorized administrator of Scholars Commons @ Laurier. For more information, please contact ..."
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This Dissertation is brought to you for free and open access by Scholars Commons @ Laurier. It has been accepted for inclusion in Theses and Dissertations (Comprehensive) by an authorized administrator of Scholars Commons @ Laurier. For more information, please contact
Advisors: Francois Melese,
, 2007
"... Solving the principal- agent problem in Iraq: economic incentives create a new model for security ..."
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Solving the principal- agent problem in Iraq: economic incentives create a new model for security
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, 2014
"... The resource curse in Mongolia: mineral wealth, institutional quality, and economic performance ..."
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The resource curse in Mongolia: mineral wealth, institutional quality, and economic performance
Meeting the Demand for Fresh Produce from the PNG LNG Market: Opportunities and Challenges
"... The US$15 billion investment in the PNG LNG project has been making headlines since its inception in 2006. The Project was forecast to generate significant export revenues and to generate much positive impact on the PNG economy for the coming 30 years. The demand for fresh produce was forecast to in ..."
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The US$15 billion investment in the PNG LNG project has been making headlines since its inception in 2006. The Project was forecast to generate significant export revenues and to generate much positive impact on the PNG economy for the coming 30 years. The demand for fresh produce was forecast to increase significantly to feed the substantial labour force at the project sites as well as in other supporting sectors. The objectives of this study were to estimate the requirements of the LNG project for fresh produce and to determine the potential for PNG farmers and supply chain operators to supply the Project. In this study, we estimated that demand for fresh produce from the PNG LNG market to be in the order of 130 tonnes a week (or 20 tonnes a day) at the peak of the construction period from 2012-2013, valued at 500,000 kina (or A$250,000) per week to local communities if the LNG market for fresh produce could be captured completely by local supplies. However, during the construction phase, nearly 80 % of this demand would most likely to be met by imports because of concerns over quality, variety and consistency in supply of local produce. In addition, after the initial construction phase and by 2014, demand for fresh produce from the PNG LNG market would be reduced to around 2 tonnes a week during the operational phase due to a significant reduction in
Scarcity and Abundance Revisited: A Literature Review on Natural Resources
"... urn:nbn:de:0070- i jcv-2011145 IJCV: Vol. 5 (1) 2011, pp. 55 – 86 Vol. 5 (1) 2011 Focus: ..."
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urn:nbn:de:0070- i jcv-2011145 IJCV: Vol. 5 (1) 2011, pp. 55 – 86 Vol. 5 (1) 2011 Focus:
ReCom – Research and Communication on Foreign Aid wider.unu.edu/recom POSITION PAPER Aid, Governance
"... wider.unu.edu/recom © UNU-WIDER 2014 UNU-WIDER gratefully acknowledges specific programme contributions from the governments of Denmark (Ministry of Foreign Affairs, Danida) and Sweden (Swedish International Development Cooperation Agency—Sida) during the period 2011-13 for ReCom. UNU-WIDER also gr ..."
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wider.unu.edu/recom © UNU-WIDER 2014 UNU-WIDER gratefully acknowledges specific programme contributions from the governments of Denmark (Ministry of Foreign Affairs, Danida) and Sweden (Swedish International Development Cooperation Agency—Sida) during the period 2011-13 for ReCom. UNU-WIDER also gratefully acknowledges core financial support to its work programme from the
