James Raymond Vreeland and Axel Dreher (eds.): The political economy of the United Nations Security Council: money and influence
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Does money buy political support? This question is common in general discourse about domestic policy matters. Political conservatives accuse progressives of being beholden to labor unions while political progressives complain that big business sways conservatives. While the scholarly literature disagrees about the effect money has in influencing political outcomes, the rent seeking literature shows that money can be traded for political support. This type of trading, however, does not have to be confined to interest groups and politicians in a domestic policy setting. Trades can also occur between different countries who have different needs or preferences. The politics of the United Nations provides a perfect setting for this type of behavior.
In The Political Economy of the United Nations Security CouncilJames Vreeland and Axel Dreher examine whether there are financial perks to serving on the United Nations Security Council (UNSC). The authors find that certain key countries,...