초록 열기/닫기 버튼

The 2008 global financial crisis has had a ripple effect on the whole world. Integrating the two concepts of peace as the absence of violence and as development, this paper examines the consequences of global financial crisis on them, arguing that domestic governance measured by government effectiveness plays an important mediating role in internally transmitting and cushioning the shocks of the crisis. Based on data from 149 countries between 2008 and 2009, the multivariate interactive regression models found that there existed a significant direct and indirect effect of governance on both negative and positive peace. When governments were effective in providing basic goods and services, the harmful impact of the crisis on peace could be decreased. This finding implies that the global community needs to make efforts to strengthen government capabilities in crisis-ridden countries in order to enhance the prospects of peace.