The withering appeal of governing
Broadening the threat of retaliation
Three centuries of gloomy forecasts about America
This essay is based on academic and field research conducted by both authors between 1994 and 2001 in Colombia and the United States. For more references, see Buscaglia, “Law and Economics of Development” in The Encyclopedia of Law and Economics (Cheltenham: Eduard Elgar, 2000).
Colombia today is crippled by its most serious political, economic, social, and moral crisis in a century, a condition that seriously threatens both Latin America and the national interests of the United States in the region.