in: Oxford Research Encyclopedia of International Studies
The political economy of violent conflict is a body of literature that investigates how economic issues and interests shape the dynamics associated to violent conflict after the Cold War. The literature covers an area of research focusing on civil wars—the predominant type of conflict in the 1990s and early 2000s—and an area of research focusing on other types of violent conflict within states, such as permanent emergencies, criminal violence, and political violence associated to turbulent transitions. The first area involves four themes that have come to characterize discussions on the political economy of civil wars, including research on the role of greed and grievance in conflict onset, on economic interests in civil wars, on the nature of conflict economies, and on conflict financing. The second area responds to the evolution of violent conflict beyond the categories of "interstate" or "civil" war and shows how political economy research adapted to new types of violent conflict within states as it moved beyond the "post-Cold War" era. Overall, the literature on the political economy of violence conflict emphasizes the role of informal systems behind power, profits and violence, and the economic interests and functions of violence underlying to violent conflict. It has also become a conceptual laboratory for scholars who after years of field research tried to make sense of the realities of authoritarian, violent or war-affected countries. By extending the boundaries of the literature beyond the study of civil wars after the Cold War, political economy research can serve as an important analytical lens to better understand the constantly evolving nature of violent conflict and to inform sober judgment on the possible policy responses to them.