The Security Factor in The Political Economy of Development
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Summary:
A country’s judiciary, police, and security forces are essential to protect the State from external aggression. By virtue of the State’s monopoly of coercion, they maintain a stable legal framework and the safety of persons and property. All these activities enhance a society’s productivity, but they also sustain the particular political regime—and its redistributive ethic—in power. They absorb resources, but they also waste them, since security forces tend to be rent-seekers. This paper analyzes both the productive and the unproductive side of security provision and shows that the balance depends on the nature of the political regime.
Series:
Working Paper No. 1998/033
Subject:
Expenditure Financial institutions Production Productivity Revenue administration Securities Tax collection Tax incentives
English
Publication Date:
March 1, 1998
ISBN/ISSN:
9781451979381/1018-5941
Stock No:
WPIEA0331998
Pages:
41
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