Failed States, Vicious Cycles, and a Proposal
Published By: CGD on eSS | Published Date: February, 03 , 2011The problems of failed states, including the repeated return to power of former warlords are examined. It is argued that this causes institutions to become weaker and people to get poorer. It is argued that economic power through property holdings or human capital gives people the means to hold their leaders accountable. In the absence of such distributed power, dictators reign. [Working Paper No. 243]. URL: [http://www.cgdev.org/content/publications/detail/1424879].
Author(s): Raghuram G. Rajan | Posted on: Mar 04, 2011 | Views(1406) | Download (998)