Paying for War and Building States
| Autor: | Nicholas C. Wheeler, Ryan Saylor |
|---|---|
| Rok vydání: | 2017 |
| Předmět: |
Sociology and Political Science
Creditor media_common.quotation_subject 05 social sciences External debt State-building Debt service coverage ratio State formation 0506 political science Politics Debt Political economy 0502 economics and business Political Science and International Relations 050602 political science & public administration Economics Bond market 050207 economics Economic system media_common |
| Zdroj: | World Politics. 69:366-408 |
| ISSN: | 1086-3338 0043-8871 |
| DOI: | 10.1017/s0043887116000319 |
| Popis: | Many scholars believe that intense warfare propelled state formation in early modern Europe because rulers built tax institutions to pay for wars. Scholars likewise cite milder geopolitical pressures to explain the lackluster state building in the developing world. The authors analyze episodes of ferocious warfare in and beyond Europe and find that despite similar fiscal strains, not all governments built strong tax institutions to service wartime debt. When net creditors in a country's credit market were part of the ruling political coalition, they pressed governments to diversify taxes and strengthen fiscal institutions to ensure debt service. But when net debtors held political sway, governments were indifferent to debt servicing and fiscal invigoration. Coalitional politics can help to explain why mounting debt-service obligations led to fiscal institution building in some cases, but not others. The analysis highlights how the private economic interests of ruling coalition members can affect state building. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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