Theodore Roosevelt used the US military to create what he called quot;civilized societies.quot; A growing literature focuses on the economic benefits of empires, benefits sometimes referred to as quot;global public goodsquot;. Some authors, such as Mitchener and Weidenmier (2005) and Ferguson...

Offshoring is usually thought of in the context of globalization and economic activity. Yet a signal feature of the Bush Administration's quot;war on terrorquot; was the offshoring of core security functions. The most famous example is the use of Guantanamo Bay as a detention center, but many...

In His State of the Union Address, President Bush outlined the Advanced Energy Initiative to help break America's dependence on foreign sources of energy. The President has set a national goal of replacing more than 75% of U.S. oil imports from the Middle East by 2025. With America on the verge...

This paper examines the implications that alternative regulatory structures may have for resolving failed banking institutions. We place our emphasis on the European Union (EU), which is both economically and financially large and has several features relating to cross-border banking in the form...

This paper examines the negative externalities that may occur when a large bank fails, describes the nature of those externalities, and explores whether they may be greater in a case involving a large cross-border banking organization. The analysis suggests that the chief negative externalities...

Using panel data for a maximum of 109 countries over the years 1976-2000, we empirically analyze the impact of decentralization on the occurrence of transnational terror. Taking account of the potential simultaneity between terror and decentralization, our results show that expenditure...

I critically review recent studies that estimate those costs of violence and conflict that can emerge among organized political groupings, from states, religious and ethnic organizations to guerillas and paramilitaries. The review includes studies that estimate direct and indirect costs due to...

Using panel data for a maximum of 109 countries over the years 1976-2000, we empirically analyze the impact of decentralization on the occurrence of transnational terror. Our results show that expenditure decentralization reduces the number of transnational terror events in a country, while...

We develop a theory of interstate conflict in which the degree of genealogical relatedness between populations has a positive effect on their conflict propensities because more closely related populations, on average, tend to interact more and develop more disputes over sets of common issues. We...

The paper presents a political economy model linking terror and governments' respect for human rights. Using panel data for 111 countries over the period 1973-2002, we then empirically analyze whether and to what extent terror affects human rights - measured by three indices covering a wide...