Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/102100 
Year of Publication: 
2014
Series/Report no.: 
CESifo Working Paper No. 4887
Publisher: 
Center for Economic Studies and ifo Institute (CESifo), Munich
Abstract: 
This contribution examines the role of capitalism in anti-American terrorism. Using data for 149 countries between 1970 and 2007, this contribution, contrary to expectations from capitalist peace theory, does not find that Anti-American terrorism increases with external economic liberalization or decreases with higher levels of economic openness. However, consistent with economic norms theory, higher levels of market-capitalism are associated with less anti-American terrorism, whereas the process of marketization fuels it. This suggests that interest groups that have benefitted from the pre-market order deliberately target the USA, where anti-American terrorism serves the purpose of limiting the perceived marketization and Americanization of their communities.
Subjects: 
terrorism
anti-Americanism
capitalism
market economy
globalization
JEL: 
D72
D74
F60
Document Type: 
Working Paper
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