This paper analyzes the economic foundations of a non-democratic political regime, where the ruling bureaucracy captures rents through collective control over state property and job assignment. The model developed here yields the equilibrium in the “political labor market,” where the ruling bureaucracy buys services and political support of activists recruited from the working population. The u...

This article examines the current social and economic performance of South African national integral grouping SADC (Southern African Development Community). It analyzes the latest economic development in the SADC countries by looking at the GDP development and the development of several fundamental socio-political indicators that have an important impact on the stability and sustainable develop...

Those who study the role of agriculture in the political economy of development focus on government policy choices on the one hand and the impact of price shocks on the other. We argue that the two should be studied together. We find that civil unrest (Granger) causes government policies, pushing governments in poor and medium income countries to shift relative prices in favor of urban consumer...

The main concern of this paper is to answer the question of the determinants of FDI inflows to West African Economic and Monetary Union (WAEMU). The literature on FDI recognizes not only the existence of gaps between domestic savings and investment in most developing countries but also that FDI constitutes a cure capable to bring the latest technology and management know-how into these countrie...

Anticipating future political transitions in East Asia, many scholars worry that Chinese democratization and Korean unification will fuel regional instability. To inform this debate, this article examines theories that make competing claims about the stability of these potential transitions: theories within the ‘‘democratization and war’’ school and economic interdependence theory. I compare th...

This report explores the Russian public demand for internet freedom. Produced by Erik Nisbet with the Center for Global Communication Studies and the Russian Public Opinion Research Center, the study seeks to uncover attitudes and opinions about internet regulation, censorship of online content, and the potential for citizen mobilization and protest. Key findings from the report include: • Almo...

There are many different lenses through which to view strategic stability in today’s world. Defining strategic very broadly to encompass nuclear, missile defenses, space, global strike, and cyber capabilities, these lenses include: the legacy of Cold War strategic stability; stability in the central bilateral strategic relationships between the United States and Russia and the United States and...

In this paper we estimate a time-series model of the financial asset portfolio shares in Egypt, distinguishing between assets of varying degrees of liquidity and between domestic currency and foreign currency deposits. While financial liberalization and financial stability are found to have encouraged domestic residents to increase the share of their portfolio composed of domestic currency asse...

Those who study the role of agriculture in the political economy of development focus on government policy choices on the one hand and the impact of price shocks on the other. We argue that the two should be studied together. We find that civil unrest (Granger) causes government policies, pushing governments in poor and medium income countries to shift relative prices in favor of urban consumer...

The attraction of blue-chip listings in emerging stock markets is a major policy initiative common across much of the developing world. In many cases however, local blue-chip firms are the result of foreign Multinational Enterprise (MNE) firms engaging with local indigenous partners to form an international joint venture (IJV). These are unique with bilateral governance structures underscoring ...