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Failed States, Vicious Cycles, and a Proposal

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  • Raghuram G. Rajan

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Abstract

The 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].

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  • Raghuram G. Rajan, 2011. "Failed States, Vicious Cycles, and a Proposal," Working Papers id:3698, eSocialSciences.
  • Handle: RePEc:ess:wpaper:id:3698 Note: Institutional Papers
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    References listed on IDEAS

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    7. Frank Leung & Kevin Chow & Gaofeng Han, 2008. "Long-term and Short-term Determinants of Property Prices in Hong Kong," Working Papers 0815, Hong Kong Monetary Authority.
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    Keywords

    poorer; leaders; dictators; states; power; warloads; institutions; economic power; accountable; human capital; economic environment; foreign aid; vicious cycles; government;

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