Paradise Lost: The Costs of State Failure in the Pacific
Lisa Chauvet (),
Paul Collier and
Anke Hoeffler ()
No RP2007-16, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)
Globally, state failure is hugely costly. We estimate the total cost of failing states at around US$276 billion per year. In this paper we apply our global framework and methodology to analyse the cost of failing states in the Pacific Ocean. Globally, failing states inflict very large costs on their neighbours and this both justifies and requires regional intervention in decision processes that would normally be the sovereign domain of nation states. Our analysis suggests that islands do not have neighbours in this economic sense.
Keywords: Economic development; International economic relations; War (search for similar items in EconPapers)
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Journal Article: Paradise Lost: The Costs of State Failure in the Pacific (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:unu:wpaper:rp2007-16
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