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"Political Demography" published on by Oxford University Press.

Recent scholarship on the political determinants of foreign direct investment (FDI) point to the importance of a government's level of political capacity. Governments with high levels of capacity, it is argued, have the political power and economic resources to carry out preferred policy objectives. This line of reasoning, however, fails to provide insight into what these policy objectives are likely to include. The present study attempts to overcome this deficiency in the literature by modeling explicitly the interactive relationship between open market policy environments and relative political capacity (RPC). We argue that governments with open market policy frameworks and high levels of political capacity send clear signals of a political environment conducive to sustained profitability. Our empirical results confirm the expected interactive relationship, providing important insight into the expected effects of open market policies and political capacity. Adapted from the source document.

A hierarchical approach -- Concepts and measures -- International conflict -- Rivalries and alliances -- Intrastate conflicts -- The Cold War -- Organizational formation and evolution -- Regionalization and trade -- Development and globalization -- Contemporary regional orders in the American imperium -- Deterrence and the potential for great power war -- Liberalism and the democratic peace -- Lessons for the American imperium in the decline of the British empire -- American decline, Chinese rise, and the unexpected future.

AbstractResearch on conflict traditionally focuses on its initiation, duration, and severity, but seldom on its consequences. Yet, demographic and economic recovery from the consequences of war lasts far longer and may be more devastating than the waging war. Our concern is with war losses and post-war recovery leading to convergence with pre-war performance. To test this proposition, we choose the most severe international and civil wars after 1920. We find that all belligerents recover or overtake demographic losses incurred in war. Economic assessments differ. The most-developed belligerents recover like a "phoenix" from immense destruction in one generation. For less-developed societies, the outcomes are mixed. The less-developed belligerents recover only a portion of their pre-war performance. The least-developed societies suffer the most and fall into lasting poverty traps. The overlapping generation growth model accounts for such differences in recovery rates based on pre-war performance challenging arguments from Solow's neoclassical growth perspective. Our results imply that foreign aid is incidental to the post-war convergence for the most-developed societies, can prompt recovery for the less-developed societies, and is not effective—unless it is massive and sustained—for the least-developed societies. World War II may provide a poor guide to current post-war challenges in Iraq and in Afghanistan.