The Rise of Capitalism and the Roots of Anti-American Terrorism

31 Pages Posted: 23 Jul 2014

See all articles by Tim Krieger

Tim Krieger

University of Freiburg - Department of Economics

Daniel Meierrieks

WZB Berlin Social Science Center

Date Written: July 23, 2014

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 benefited 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.

Keywords: terrorism, anti-Americanism, capitalism, market economy, globalization

JEL Classification: D720, D740, F600

Suggested Citation

Krieger, Tim and Meierrieks, Daniel, The Rise of Capitalism and the Roots of Anti-American Terrorism (July 23, 2014). CESifo Working Paper Series No. 4887. Available at SSRN: https://ssrn.com/abstract=2470363

Tim Krieger (Contact Author)

University of Freiburg - Department of Economics ( email )

University of Freiburg
Wilhelmstr. 1b
Freiburg, D-79085
Germany

HOME PAGE: http://www.wguth.uni-freiburg.de

Daniel Meierrieks

WZB Berlin Social Science Center ( email )

Reichpietschufer
50
Berlin, D-10785
Germany

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