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Lepgold Book Prize

The Georgetown University Lepgold Book Prize honors Joseph S. Lepgold, a Georgetown University Government and School of Foreign Service professor who died in a tragic hotel fire in Paris in December 2001. The prize honors exceptional contributions to the study of international relations, with particular emphasis on the resolution of critical policy challenges, published each calendar year.

The prize awards $1,000 to the author of the best book in international relations, broadly conceived, each year. To receive the award, the winning author agrees to give a lecture on his or her scholarship at the Mortara Center.

We are pleased to announce the 2022 Lepgold Prize winner has been selected! 

2022 Lepgold Prize Winner

The winner of the 2022 Lepgold Book Prize is Didac Queralt for Pawned States: State Building in the Era of International Finance (Princeton University Press, 2022).  Didac Queralt will discuss his research at this year’s Lepgold Book Prize Award and Lecture at the Mortara Center on November 30, 2023.

 

About the 2022 Prize Winning Book

In the nineteenth century, many developing countries turned to the credit houses of Europe for sovereign loans to balance their books and weather major fiscal shocks such as war. This reliance on external public finance offered emerging nations endless opportunities to overcome barriers to growth, but it also enabled rulers to bypass critical stages in institution building and political development. Pawned States reveals how easy access to foreign lending at early stages of state building has led to chronic fiscal instability and weakened state capacity in the developing world.

Drawing on a wealth of original data to document the rise of cheap overseas credit between 1816 and 1913, Didac Queralt shows how countries in the global periphery obtained these loans by agreeing to “extreme conditionality,” which empowered international investors to take control of local revenue sources in cases of default, and how foreclosure eroded a country’s tax base and caused lasting fiscal disequilibrium. Queralt goes on to combine quantitative analysis of tax performance between 1816 and 2005 with qualitative historical analysis in Latin America, Asia, Africa, and the Middle East, illustrating how overreliance on external capital by local leaders distorts their incentives to expand tax capacity, articulate power-sharing institutions, and strengthen bureaucratic apparatus.

Panoramic in scope, Pawned States sheds needed light on how early and easy access to external finance pushes developing nations into trajectories characterized by fragile fiscal institutions and autocratic politics.

Pawned States: State Building in the Era of International Finance (2022) is part of the Economic History of the Western World Series of Princeton University Press.

About the Author

Didac Queralt is assistant professor of political science at Yale University. He conducts research at the intersection of comparative and international political economy with a focus on state building. His findings have been published in top journals, including the American Journal of Political Science, International Organization, the Quarterly Journal of Political Science, International Studies Quarterly, Comparative Political Studies, and Explorations in Economic History. He holds a PhD from New York University (2012) and before joining Yale he worked as a Junior Research Fellow at the Institute of Political Economy & Governance in Barcelona. In his new book-length project, Queralt examines the historical origins of foreign aid and its consequences for state building.

Past Winners of the Lepgold Book Prize

2021 – Disaggregating China, Inc. by Yeling Tan
2020 – Divided Armies: Inequality & Battlefield Performance in Modern War by Jason Lyall
2019 – Constructing Allied Cooperation: Diplomacy, Payments, and Power in Multilateral Military Coalitions by Marina E. Henke
2019 – Arguing About Alliances: The Art of Agreement in Military-Pact Negotiations by Paul Poast
2018 – Secret Wars: Covert Conflict In International Politics by Austin Carson
2017 – Fighting for Status: Hierarchy and Conflict in World Politics by Jonathan Renshon
2016 – Violence and Restraint in Civil War: Civilian Targeting in the Shadow of International Law by Jessica A. Stanton
2015 – Making and Unmaking Nations: War, Leadership and Genocide in Modern Africa by Scott Straus
2014 – Networks of Rebellion: Explaining Insurgent Cohesion and Collapse by Paul Staniland
2013 – The Company States Keep by Julia Gray
2012 – Alliance Formation in Civil Wars by Fotini Christia
2011 – Leaders and International Conflict by Giacomo Chiozza and H.E. Goemans
2010 – The Clash of Ideas in World Politics by John Owen
2009 – The Invisible Hand of Peace by Patrick J. McDonald
2008 – Targeting Civilians in War by Alexander Downes
2007 – The Nuclear Taboo by Nina Tannenwald
2006 – Dangerous Nation by Robert Kagan
2005 – The Remnants of War by John Mueller
2004 – Electing to Fight by Edward D. Mansfield and Jack Snyder
2003 – Power and Purpose: U.S. Policy Toward Russia After the Cold War by James Goldgeier and Michael McFaul
2002- A Problem from Hell: America and the Age of Genocide by Samantha Power
2001 – The Tragedy of Great Power Politics by John J. Mearsheimer

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