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Regimes, Politics, and MarketsDemocratization and Economic Change in Southern and Eastern Europe$
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José María Maravall

Print publication date: 1997

Print ISBN-13: 9780198280835

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780198280835.001.0001

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The Economic Effects of Dictatorships

The Economic Effects of Dictatorships

(p.38) 2 The Economic Effects of Dictatorships
Regimes, Politics, and Markets


Oxford University Press

This chapter casts an eye on the relation between politics and economy in authoritarian regimes. It studies the economic circumstances in Southern and Eastern Europe before democratization and attempts to conclude the effects of dictatorships. It finds out if the regimes witnessed growth or times of economic disaster before they organized themselves into democratic systems. This chapter also tries to look into the question as to how repressive they should have been to generate efficient economic results. It concludes that dictatorships often have the power to sacrifice entire generations in the name of a future paradise, whether under communism or the market. However, dictatorships have no mechanisms to guarantee that these sacrifices will not simply lead to even more sacrifices.

Keywords:   economy, dictatorship, repressive, authoritarian regime, democracy, Southern and Eastern Europe

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