And secured the exclusive right to tax their output

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Unformatted text preview: taxes, expenditures- weakness of state is pronounced in developing world- The sovereignty of states was consolidated when they gained control over their territories and populations and secured the exclusive right to tax their output. As economic activity has become increasingly detached from particular local contexts, however, the state's ability to tax production has waned. And so the "barons" of the new global political economy are growing less and less constrained. Bc of...
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This document was uploaded on 03/06/2014 for the course GOVT 121 at Georgetown.

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