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This paper suggests a new factor that makes civil war more likely: the inability of political actors to make credible promises to broad segments of society. Lacking this ability, both elected and unelected governments pursue public policies that leave citizens less well-off and more prone to...
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Why would sovereigns ever grant political or economic liberty to their subjects? Under what conditions would rational rulers who possess ultimate authority and who seek to maximize power and wealth ever give up any of that authority? This book draws on a wide array of empirical and theoretical...
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The inability of political actors to make credible promises to broad segments of society-a previously unexplored determinant of civil war-causes both elected and unelected governments to pursue public policies that leave citizens worse off and more prone to revolt. Noncredible political actors...
Persistent link: https://www.econbiz.de/10012759273
This paper suggests a new factor that makes civil war more likely: the inability of political actors to make credible promises to broad segments of society. Lacking this ability, both elected and unelected governments pursue public policies that leave citizens less well-off and more prone to...
Persistent link: https://www.econbiz.de/10012747789
What explains private investment in autocracies, where institutions that discourage expropriation in democracies are absent? We argue that institutionalized ruling parties allow autocrats to make credible commitments to investors. Such parties promote investment by solving collective-action...
Persistent link: https://www.econbiz.de/10014221320