01681cas a2200241 a 4500 AALejournalIMF007473 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451979381 1018-5941 BD-DhAAL BD-DhAAL McGuire, Martin. The Security Factor in The Political Economy of Development / Martin McGuire. Washington, D.C. : International Monetary Fund, 1998. 1 online resource (41 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students A country's judiciary, police, and security forces are essential to protect the State from external aggression. By virtue of the State's monopoly of coercion, they maintain a stable legal framework and the safety of persons and property. All these activities enhance a society's productivity, but they also sustain the particular political regime-and its redistributive ethic-in power. They absorb resources, but they also waste them, since security forces tend to be rent-seekers. This paper analyzes both the productive and the unproductive side of security provision and shows that the balance depends on the nature of the political regime. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1998/033 Full text available on IMF http://elibrary.imf.org/view/journals/001/1998/033/001.1998.issue-033-en.xml IMF e-Library