Journal of Economic Literature
The Politics of Property Rights

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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