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International Political Economy: Some African Applications

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  • Paul Collier

Abstract

Modern theories of political economy analyze the sources of political power and their uses for economic ends. The key instruments are taxation and regulation. Although international political economy treats states as its unit of analysis, the number of states is endogenous. This is highly pertinent for Africa, which has far more states relative to its population than other regions. Africa's many small states face acute difficulties of supplying the core public good of enforced justice and I apply the new economics of lawlessness developed by Dixit to show the consequences. I argue that due to the difficulties of supplying this key public good from within the state, Africa needs to have more recourse to the international provision: both through inter-state cooperation within the region, and through global provision. Copyright The author 2008. Published by Oxford University Press on behalf of the Centre for the Study of African Economies. All rights reserved. For permissions, please email: journals.permissions@oxfordjournals.org, Oxford University Press.

Suggested Citation

  • Paul Collier, 0. "International Political Economy: Some African Applications," Journal of African Economies, Centre for the Study of African Economies, vol. 17(suppl_1), pages -139.
    • Handle: RePEc:oup:jafrec:v:17:y::i:suppl_1:p:-139
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    File URL: http://hdl.handle.net/10.1093/jae/ejm032
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    Cited by:

    1. World Bank, 2009. "Economy-Wide Impact of Oil Discovery in Ghana," World Bank Publications - Reports 18903, The World Bank Group.
    2. Honeck, Dale, 2012. "LDC export diversification, employment generation and the "green economy": What roles for tourism linkages?," WTO Staff Working Papers ERSD-2012-24, World Trade Organization (WTO), Economic Research and Statistics Division.
    3. Honeck, Dale, 2011. ""Expect the unexpected"? LDC GATS commitments as internationally credible policy indicators? The example of Mali," WTO Staff Working Papers ERSD-2011-07, World Trade Organization (WTO), Economic Research and Statistics Division.
    4. Ali Abdel Gadir Ali, 2009. "The Political Economy of Inequality in the Arab Region and Relevant Development Policies," Working Papers 502, Economic Research Forum, revised Aug 2009.
    5. Omgba, Luc Désiré, 2014. "Institutional foundations of export diversification patterns in oil-producing countries," Journal of Comparative Economics, Elsevier, vol. 42(4), pages 1052-1064.
    6. Martin Gregor, 2011. "Tradeoffs of foreign assistance for the weakest-link global public goods," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 18(2), pages 233-251, April.

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