There are two disadvantages to this political fragmentation. Small countries are often formed as a result of civil war within an earlier multi-ethnic polity – the most common form of conflict since 1945. That in itself is economically disruptive. In addition, they can be economically inefficient even in peacetime, too small to justify all the paraphernalia of statehood.
-Niall Ferguson
Select a background
More quotes by Niall Ferguson
Popular Authors
A curated listing of popular authors.