Publication
Mar 2011
This paper examines the problems of failed states, including the repeated return to power of former warlords. The author contends that these problems weaken institutions and increase poverty. It is argued that economic power through property holdings or human capital leads to more accountable political leadership. Furthermore, when neutral parties preside in failed states, economic growth is more likely to lead to civic empowerment. A unique solution is proposed to allow the electorate to choose a foreigner, who would govern for a fixed term.
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English (PDF, 14 pages, 372 KB) |
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Author | Raghuram G Rajan |
Series | CGD Working Papers |
Issue | 243 |
Publisher | Center for Global Development (CGD) |
Copyright | © 2011 Center for Global Development (CGD) |