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This paper argues that corruption patterns are endogenous to political structures. Thus, corruption can be systemic and planned rather than decentralized and coincidental. In an economic system without law or property rights, a kleptocratic state may arise as a predatory hierarchy from a state...
Persistent link: https://www.econbiz.de/10005842922
This paper argues that corruption patterns are endogenous to political structures. Thus, corruption can be systemic and planned rather than decentralized and coincidental. In an economic system without law or property rights, a kleptocratic state may arise as a predatory hierarchy from a state...
Persistent link: https://www.econbiz.de/10012782606
-methods approach, I find that among the Nordic states, NATO membership appears to mitigate such tendencies, and that supranational …
Persistent link: https://www.econbiz.de/10012921097
political economy scholarship offers plausible explanations for transatlantic imbalances in military expenditures. However, NATO … stringent fiscal rules dampen the kind of defense spending NATO and EU strategists seek: governments respond to increasing … important transatlantic strategic initiatives, namely NATO's Wales pledge on defense investment …
Persistent link: https://www.econbiz.de/10012967515
Recently, a growing amount of data suggests that there is an intricate relationship between sovereign debt and civil unrest. This article proposes that the powers of the UN Security Council, and in particular its experience with the imposition of sanctions, should be used in order to restructure...
Persistent link: https://www.econbiz.de/10014175800
The terrorist attacks of September 11, 2001, inflicted enormous losses on the insurance industry and businesses. In the wake of the disruptions occurring in the insurance market at the time, the government enacted the Terrorism Risk Insurance Act of 2002 to create a “temporary” federal...
Persistent link: https://www.econbiz.de/10014153415
In some ways, a 2012 symposium on “Dilemmas of State Debt” may seem a bit behind the news curve. At the end of 2010, municipal bond markets were in a deep funk. Analysts predicted that countless municipalities and perhaps one or more of the United States might default on their debt...
Persistent link: https://www.econbiz.de/10014164095
Historically, it has been argued that war has been a solution to economic problems. In the Keynesian guns or butter curve, guns reactivated failing economies while consolidating their political power. This logic is the opposite of Bastiat’s (1850) broken window fallacy that argues that money...
Persistent link: https://www.econbiz.de/10014133689
This Article examines a variety of regulatory rules, administrative responses, and legislative actions designed to prevent nonprofit organizations from unwittingly providing support to terrorist groups around the world. A combination of executive orders, legislation, and Treasury guidelines is...
Persistent link: https://www.econbiz.de/10014055899
Resource allocation to and within defense budgets is grand strategy. NATO and the EU coordinate defense planning and … encourage fair burden-sharing among their members. We analyse the effect of agreed planning processes, namely the ‘NATO Defence …
Persistent link: https://www.econbiz.de/10014108236