Aid: Blame It All on "Easy Money"

Bruce B. de Mesquita, Alastair Smith

    Research output: Contribution to journalReview article

    Abstract

    Temporary membership on the United Nations Security Council (UNSC) has pernicious effects on the political and economic development of nations, particularly in nondemocracies. The leaders of rich democratic states often trade resources for the salient policy favors that UNSC members can deliver. This provides the leaders of temporary UNSC members with access to "easy money" resources. Such resources have deleterious consequences, particularly in nondemocracies, because they provide leaders with the means to pay off their coalition of supporters without reliance on tax revenues. While foreign aid is an important form of easy money bribe, it is but one of many. Empirical tests show loans are a substitute means for bribing UNSC members.

    Original languageEnglish (US)
    Pages (from-to)524-537
    Number of pages14
    JournalJournal of Conflict Resolution
    Volume57
    Issue number3
    DOIs
    StatePublished - Jun 2013

    Keywords

    • United Nations Security Council
    • foreign n aid
    • loans
    • policy concessions
    • resource curse
    • selectorate theory

    ASJC Scopus subject areas

    • Business, Management and Accounting(all)
    • Sociology and Political Science
    • Political Science and International Relations

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