Economic Freedom and Conflict Reduction: Evidence from the 1970S, 1980S, And 1990S.
The Cato Journal 2003, Wntr, 22, 3
The Cato Journal
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The last three decades have witnessed an unprecedented expansion of market-based reforms and the profusion of economic freedom in the international system. This shift in economic policy has sparked a debate about whether free markets are superior to state controls. Numerous studies have compared the neoliberal and statist policies on issues of production capacity, economic growth, commercial volumes, and egalitarianism. An overlooked research agenda, however, is the relationship between levels of economic freedom and violence within countries. Proponents of the statist approach might note that a strong government can bend the market to its will, directing activity toward policies necessary to achieve greater levels of gross domestic product and growth. By extracting more resources for the economy, a powerful state can redistribute benefits to keep the populace happy. Higher taxes can also pay for an army and police force that intimidate people. Such governments range from command economies of totalitarian systems to autocratic dictators and military juntas. Other economically unfree systems include some of the authoritarian "Asian tigers."
- 2,99 €
- Category: Politics & Current Affairs
- Published: 01 January 2003
- Publisher: Cato Institute
- Print Length: 13 Pages
- Language: English