Civil strife and economic and social policies



by Joseph E. Stiglitz, Economists for Peace and Security, 2006
Language : English

Joseph E. Stiglitz compares here civil strife in the public arena to labor strikes in the private arena. Both are predicated on incomplete information (both sides believing they can « win, » when one “and possibly both“ must « lose »). Reasons for conflict, especially in Africa, include the rent-based nature of the economies, the « nothing-much-to-lose » position of many of its participants, the « one-shot » game-theoretic nature of many of its conflicts, and the lack of « voice » of most of its people. The article then draws out six implications for those interested in conflict management and conflict mitigation and comments, for example, on path-dependent irreversibilities of initial policy decisions.

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Sources

Stiglitz, Joseph E.. 2006. Civil strife and economic and social policies. The Economics of Peace and Security Journal 1/1: 6-9. http://www.epsjournal.org.uk/Vol1/No1/issue.php.