Stephen Haber

Journal of Economic Literature
June 2004
Reviewed by Robert H. Bates

Everyone knows that political instability is inimical to economic growth. So what
would be expected of a country in which:

A military insurrection overthrew authoritarian rule;

Supporters of the old regime then staged a counterrevolution, provoking a civil war;

The first two presidents to preside over the subsequent peace were assassinated, as
were their leading military leaders; and The military attempted three times to overthrow the civilian government during its first decade in office…

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