What role does public finance play in the journey from war to peace?

In episode 5, Professor Boyce challenges traditional economic thinking by proposing three unconventional methods to mobilize domestic revenues in countries emerging from violent conflict. The first is by means of tariffs, which although indiscriminately disparaged by mainstream economists in the name of trade liberalization offer the most administratively feasible way to raise revenue. In particular, Boyce recommends tariffs on luxury goods such as automobiles, private airplanes, and yachts. The second is taxing the post-conflict aid boom, rather than giving across-the-board exemptions that send the message that the rich should not pay taxes. Third, he advocates treating natural resources as sovereign wealth, protecting the country from foreign and local rent-seekers and treating mineral and forest resources as belonging in equal measure to all citizens. Boyce then turns to the expenditure side of the equation, focusing on distributional impacts and on who sells goods to the government.

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Directed by Matthew Kulvicki
Produced by Nick Alpha

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