Saumitra Jha, Stanford University

Abstract:  The failure to align the incentives of conflictual groups in favor of peaceful coexistence and beneficial reforms is often seen as a major cause of persistent underdevelopment around the world. However, much less is known about strategies that have been successful at overcoming such political economy challenges. One approach that holds much promise, and in fact appears to have had some historical success, is the provision of financial assets that align the interests of winners and potential losers from reform by providing claims on the future.

• Japan
• England
• United States
• EDS
• Saumitra Jha
• Swords into Bank Shares
• LSA History
• Financial Innovations and Innovators in Mitigating Political Violence
• Meiji