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Cato Daily Podcast
Upsides and Risks of Increasing State Capacity
Apr 29, 2024
Professor Edwar Escalante of Angelo State University discusses the upsides and risks of increasing state capacity, focusing on how it can foster human flourishing. Topics include the impact of strong state capacity on investments and property rights, challenges in Latin America like high tax rates and resource misallocation, and the importance of government resource allocation for boosting productivity.
18:49
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Quick takeaways
- State capacity plays a crucial role in fostering economic growth by ensuring property rights and creating certainty for investments.
- High tax rates in Latin America raise concerns about the efficiency of state resources allocation towards productive outcomes.
Deep dives
State Capacity and Economic Growth
State capacity plays a crucial role in fostering economic growth and human flourishing by ensuring property rights and creating certainty for investments. Enforcing laws and providing resources effectively are key aspects of state capacity that can lead to economic prosperity. However, an overemphasis on state capacity without proper accountability may lead to a lack of government oversight and legitimacy.
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Discover
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