Combining the insights of a seasoned practitioner with the academic rigor of a meticulous policy and risk analyst, del Castillo discusses the major obstacles to peacebuilding that need to be removed before war-torn countries can move towards peace, stability, and prosperity. As Secretary-General Antonio Guterres assumes leadership in January 2017, a top priority must be to address the bleak peacebuilding record where over half of the countries under UN watch relapse back into conflict within a decade. While policy debate and the academic literature have focused on the security, political, and social aspects of the war-to-peace transition, this book focuses on "the economic transition"-that is, "economic reconstruction" or "the political economy of peace"-which, in the author's view, is the much-neglected aspect of peacebuilding. The book argues that rebuilding war-torn states effectively has acquired a new sense of urgency since extremist groups increasingly recruit people by providing jobs and services to those deprived of them due to government and economic failures. Based on past lessons and best practices of the last quarter of a century, the author makes recommendations to move forward and improve the record. It will be of great use to students and scholars of peacebuilding, as well as policymakers in national governments, donor countries and international organizations involved in peacebuilding, statebuilding, and development.

Combining the insights of a seasoned practitioner with the academic rigor of a meticulous policy and risk analyst, del Castillo discusses the major obstacles to peacebuilding that need to be removed before war-torn countries can move towards peace, stability, and prosperity. As Secretary-General Antonio Guterres assumes leadership in January 2017, a top priority must be to address the bleak peacebuilding record where over half of the countries under UN watch relapse back into conflict within a decade. While policy debate and the academic literature have focused on the security, political, and social aspects of the war-to-peace transition, this book focuses on "the economic transition"-that is, "economic reconstruction" or "the political economy of peace"-which, in the author's view, is the much-neglected aspect of peacebuilding. The book argues that rebuilding war-torn states effectively has acquired a new sense of urgency since extremist groups increasingly recruit people by providing jobs and services to those deprived of them due to government and economic failures. Based on past lessons and best practices of the last quarter of a century, the author makes recommendations to move forward and improve the record. It will be of great use to students and scholars of peacebuilding, as well as policymakers in national governments, donor countries and international organizations involved in peacebuilding, statebuilding, and development.

Post-conflict economic reconstruction is a critical part of the political economy of peacetime and one of the most important challenges in any peace-building or state-building strategy. After wars end, countries must negotiate a multi-pronged transition to peace: Violence must give way to public security; lawlessness, political exclusion, and violation of human rights must give way to the rule of law and participatory government; ethnic, religious, ideological, or class/caste confrontation must give way to national reconciliation; and ravaged and mismanaged war economies must be reconstructed and transformed into functioning market economies that enable people to earn a decent living.
Yet, how can these vitally important tasks each be successfully managed? How should we go about rehabilitating basic services and physical and human infrastructure? Which policies and institutions are necessary to reactivate the economy in the short run and ensure sustainable development in the long run? What steps should countries take to bring about national reconciliation and the consolidation of peace? In all of these cases, unless the political objectives of peacetime prevail at all times, peace will be ephemeral, while policies that pursue purely economic objectives can have tragic consequences. This book argues that any strategy for post-conflict economic reconstruction must be based on five premises and examines specific post-conflict reconstruction experiences to identify not only where these premises have been disregarded, but also where policies have worked, and the specific conditions that have influenced their success and failure.