Christopher J. Coyne, Peter T. Leeson

We have argued that successful economic development is characterized by widespread coordination. Toward this end, the development of a free media is critical for shifting games of conflict to games of coordination. We can therefore put forth some general guidelines for the achievement of a free media toward the ends of successful economic development:

  1. Privatize all aspects of the media industry
  2. Open borders to foreign investment and media
  3. Consumer demand is critical

As economics and history teaches us, these guidelines give the best chance for media to serve as a coordination-enhancing mechanism in achieving sustainable economic development.

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