- Abstract:
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Globally, state failure is hugely costly. We estimate the total cost of failing states as being of the order of $276bn per year although of course any estimate is inevitably highly imprecise. In this paper we apply our global framework and methodology to analyse the cost of failing states in the Pacific Ocean. Globally, failing states on average inflict very large costs on their neighbours. This both requires and justifies regional intervention in decision processes that would normally be the...
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- Host title:
- Understanding Small-Island Developing States: Fragility and External Shocks
- URN:
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uuid:d2c8fc9a-8380-43ca-9347-d471dd852a39
- Local pid:
- oai:economics.ouls.ox.ac.uk:14448
- Language:
- English
Book section
Paradise Lost: The Cost of State Failure in the Pacific.
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