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| | SSRN-Kleptocracy and Divide-and-Rule: A Model of Personal Rule by Daron Acemoglu, James Robinson, Thierry Verdier (Site not responding. Last check: 2007-10-16) |
 | | Many developing countries have suffered under the personal rule of 'kleptocrats', who implement highly inefficient economic policies, expropriate the wealth of their citizens, and use the proceeds for their own glorification or consumption. |
 | | Kleptocratic policies are more likely when foreign aid and rents from natural resources provide rulers with substantial resources to buy off opponents; when opposition groups are shortsighted; when the average productivity in the economy is low; and when there is greater inequality between producer groups (because more productive groups are more difficult to buy off). |
 | | Acemoglu, Daron, Robinson, James A. and Verdier, Thierry, "Kleptocracy and Divide-and-Rule: A Model of Personal Rule" (December 2003). |
| papers.ssrn.com /sol3/papers.cfm?abstract_id=476093 (519 words) |
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