 equity financed banking: ending the "rent-seeking" that keeps banks dependent, insolvent & TBTF5/18/2016  “What Explains the Flow of Foreign Fighters to ISIS?” (Efraim Benmelech, Esteban F. Klor, National Bureau of Economic Research)
“We find that poor economic conditions do not drive participation in ISIS. In contrast, the number of ISIS foreign fighters is positively correlated with a country's GDP per capita and Human Development Index (HDI). In fact, many foreign fighters originate from countries with high levels of economic development, low income inequality, and highly developed political institutions. Other factors that explain the number of ISIS foreign fighters are the size of a country's Muslim population and its ethnic homogeneity. Although we cannot directly determine why people join ISIS, our results suggest that the flow of foreign fighters to ISIS is driven not by economic or political conditions but rather by ideology and the difficulty of assimilation into homogeneous Western countries.”  |
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