Emerging Market Democracies

Author : Laurence Whitehead
Publisher : JHU Press
Page : 244 pages
File Size : 50,7 Mb
Release : 2003-05-22
Category : Political Science
ISBN : 9780801877803

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Emerging Market Democracies by Laurence Whitehead Pdf

The end of the Cold War, the "third wave" of democratization, and economic globalization have presented the newly industrialized countries of East Asia and the liberal democracies of Latin America with increasingly similar international opportunities and constraints. During the 1980s, Latin America made great strides in democratization, while East Asia led the world in economic growth. Are the two regions now converging toward a model that combines economic and political liberalization? Many developments in both regions indicate that this is a serious possibility. Although significant countertrends do exist, there is now increased scope for mutual support and encouragement among aspiring democratic forces both within and between these two regions. This book examines these interrelated issues, paying special attention to the effects of the East Asian financial crisis of 1997–98 and its subsequent impact on Latin America. Contributors: Ananya Basu, World Bank; Francis Fukuyama, School of Advanced International Studies, Johns Hopkins University.; Stephan Haggard, University of California-San Diego; Elizabeth M. King, World Bank; Sanjay Marwah, George Mason University; Sylvia Maxfield, Harvard University; Eduardo Silva, University of Missouri-St. Louis and University of Miami; Gordon Redding, University of Hong Kong; Tun-jen Cheng, College of William and Mary; Yun-han Chu, National Taiwan University; Laurence Whitehead, Oxford University.

Author : Leslie Elliott Armijo
Publisher : Unknown
Page : 348 pages
File Size : 47,8 Mb
Release : 2001
Category : Electronic
ISBN : OCLC:474594311

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Financial Globalization and Democracy in Emerging Markets by Leslie Elliott Armijo Pdf

Author : L. Armijo
Publisher : Springer
Page : 348 pages
File Size : 47,8 Mb
Release : 1999-01-13
Category : Business & Economics
ISBN : 9780333994894

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Financial Globalization and Democracy in Emerging Markets by L. Armijo Pdf

When Mexico's peso crisis occurred in December 1994, all of Latin America experienced the 'tequila effect'. In January 1998, after seven months of financial turmoil in East Asia, Alan Greenspan, the usually reticent Chairman of the US Federal Reserve Bank, noted that such 'vicious cycles...may, in fact, be a defining characteristic of the new high-tech international financial system'. This book examines the impact of the new, highly liquid portfolio capital flows on governments, opposition, politicians, business and the workforce in such emerging market countries as Mexico, Brazil, Russia, Indonesia, Vietnam, Thailand and Indonesia. Hailed as 'exemplary and innovative', 'fine-grained and accessible' and 'a must read', this collection of original essays in newly available in paperback.

Author : Jale Tosun
Publisher : University of Toronto Press
Page : 273 pages
File Size : 54,7 Mb
Release : 2013-01-01
Category : Political Science
ISBN : 9781442644090

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Environmental Policy Change in Emerging Market Democracies by Jale Tosun Pdf

This book examines environmental policy change in twenty-eight Central and Eastern European and Latin American countries against a background of significant political and economic transformation over the past two decades. Through cross-regional comparison and a multi-methods approach, Jale Tosun investigates changes in the regulation of air, soil, and water pollution, genetically modified corn, and the sustainable management of forests. Tosun also looks at the relationship between system transformation and the creation of environmental procuracies in both parts of the world. Environmental Policy Change in Emerging Market Democracies demonstrates that, although political and economic transformations have positively affected environmental policy in both regions, the extent of policy change varies considerably across Central and Eastern Europe and Latin America. At the same time, as Tosun argues, economic integration has acted as a major driver of a stronger governmental enforcement commitment as expressed by the creation of environmental procuracies.

Author : Javier Santiso
Publisher : MIT Press
Page : 351 pages
File Size : 46,5 Mb
Release : 2013-06-14
Category : Business & Economics
ISBN : 9780262313711

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Banking on Democracy by Javier Santiso Pdf

A data-driven investigation of the interaction between politics and finance in emerging markets, focusing on Latin America. Politics matter for financial markets and financial markets matter for politics, and nowhere is this relationship more apparent than in emerging markets. In Banking on Democracy, Javier Santiso investigates the links between politics and finance in countries that have recently experienced both economic and democratic transitions. He focuses on elections, investigating whether there is a “democratic premium”—whether financial markets and investors tend to react positively to elections in emerging markets. Santiso devotes special attention to Latin America, where over the last three decades many countries became democracies, with regular elections, just as they also became open economies dependent on foreign capital and dominated bond markets. Santiso's analysis draws on a unique set of primary databases (developed during his years at the OECD Development Centre) covering an entire decade: more than 5,000 bank and fund manager portfolio recommendations on emerging markets. Santiso examines the trajectory of Brazil, for example, through its presidential elections of 2002, 2006, and 2010 and finds a decoupling of financial and political cycles that occurred also in many other emerging economies. He charts this evolution through the behavior of brokers, analysts, fund managers, and bankers. Ironically, Santiso points out, while some emerging markets have decoupled politics and finance, in the wake of the 2008–2012 financial crisis many developed economies (Europe and the United States) have experienced a recoupling between finance and politics.

Author : Mansoor Dailami
Publisher : World Bank Publications
Page : 38 pages
File Size : 49,6 Mb
Release : 2000
Category : Banks and Banking Reform
ISBN : 8210379456XXX

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Financial Openness, Democracy, and Redistributive Policy by Mansoor Dailami Pdf

What explains the spread of both democracy and financial openness at this time in history, given the constraining impact of financial market integration on national policy autonomy? International policy coordination is part of the answer, but not all. Also important is the presence of cost-effective redistributive schemes that provide insurance against the risk of financial instability.

Author : Adam Przeworski
Publisher : Cambridge University Press
Page : 230 pages
File Size : 52,8 Mb
Release : 1991-07-26
Category : Business & Economics
ISBN : 052142335X

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Democracy and the Market by Adam Przeworski Pdf

The quest for freedom from hunger and repression has triggered in recent years a dramatic, worldwide reform of political and economic systems. Never have so many people enjoyed, or at least experimented with democratic institutions. However, many strategies for economic development in Eastern Europe and Latin America have failed with the result that entire economic systems on both continents are being transformed. This major book analyzes recent transitions to democracy and market-oriented economic reforms in Eastern Europe and Latin America. Drawing in a quite distinctive way on models derived from political philosophy, economics, and game theory, Professor Przeworski also considers specific data on individual countries. Among the questions raised by the book are: What should we expect from these experiments in democracy and market economy? What new economic systems will emerge? Will these transitions result in new democracies or old dictatorships?

Author : Jale Tosun
Publisher : University of Toronto Press
Page : 273 pages
File Size : 51,8 Mb
Release : 2013-12-11
Category : Political Science
ISBN : 9781442699205

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Environmental Policy Change in Emerging Market Democracies by Jale Tosun Pdf

This book examines environmental policy change in twenty-eight Central and Eastern European and Latin American countries against a background of significant political and economic transformation over the past two decades. Through cross-regional comparison and a multi-methods approach, Jale Tosun investigates changes in the regulation of air, soil, and water pollution, genetically modified corn, and the sustainable management of forests. Tosun also looks at the relationship between system transformation and the creation of environmental procuracies in both parts of the world. Environmental Policy Change in Emerging Market Democracies demonstrates that, although political and economic transformations have positively affected environmental policy in both regions, the extent of policy change varies considerably across Central and Eastern Europe and Latin America. At the same time, as Tosun argues, economic integration has acted as a major driver of a stronger governmental enforcement commitment as expressed by the creation of environmental procuracies.

Author : Samuel P. Huntington
Publisher : University of Oklahoma Press
Page : 388 pages
File Size : 47,7 Mb
Release : 2012-09-06
Category : Political Science
ISBN : 9780806186047

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The Third Wave by Samuel P. Huntington Pdf

Between 1974 and 1990 more than thirty countries in southern Europe, Latin America, East Asia, and Eastern Europe shifted from authoritarian to democratic systems of government. This global democratic revolution is probably the most important political trend in the late twentieth century. In The Third Wave, Samuel P. Huntington analyzes the causes and nature of these democratic transitions, evaluates the prospects for stability of the new democracies, and explores the possibility of more countries becoming democratic. The recent transitions, he argues, are the third major wave of democratization in the modem world. Each of the two previous waves was followed by a reverse wave in which some countries shifted back to authoritarian government. Using concrete examples, empirical evidence, and insightful analysis, Huntington provides neither a theory nor a history of the third wave, but an explanation of why and how it occurred. Factors responsible for the democratic trend include the legitimacy dilemmas of authoritarian regimes; economic and social development; the changed role of the Catholic Church; the impact of the United States, the European Community, and the Soviet Union; and the "snowballing" phenomenon: change in one country stimulating change in others. Five key elite groups within and outside the nondemocratic regime played roles in shaping the various ways democratization occurred. Compromise was key to all democratizations, and elections and nonviolent tactics also were central. New democracies must deal with the "torturer problem" and the "praetorian problem" and attempt to develop democratic values and processes. Disillusionment with democracy, Huntington argues, is necessary to consolidating democracy. He concludes the book with an analysis of the political, economic, and cultural factors that will decide whether or not the third wave continues. Several "Guidelines for Democratizers" offer specific, practical suggestions for initiating and carrying out reform. Huntington's emphasis on practical application makes this book a valuable tool for anyone engaged in the democratization process. At this volatile time in history, Huntington's assessment of the processes of democratization is indispensable to understanding the future of democracy in the world.

Author : Daniela Campello
Publisher : Unknown
Page : 239 pages
File Size : 46,5 Mb
Release : 2015
Category : Capital market
ISBN : 1316249417

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The Politics of Market Discipline in Latin America by Daniela Campello Pdf

The Politics of Market Discipline in Latin America uses a multi-method approach to challenge the conventional wisdom that financial markets impose broad and severe constraints over leftist economic policies in emerging market countries. It shows, rather, that in Latin America, this influence varies markedly among countries and over time, depending on cycles of currency booms and crises exogenous to policy making. Market discipline is strongest during periods of dollar scarcity, which, in low-savings commodity-exporting countries, occurs when commodity prices are high and international interest rates low. In periods of dollar abundance, when the opposite happens, the market's capacity to constrain leftist governments is very limited. Ultimately, Daniela Campello argues that financial integration should force the Left toward the center in economies less subject to these cycles, but not in those most vulnerable to them. Multi-method approach that includes formal modeling, statistical analyses, and in-depth case studies Covers two phenomena closely studied by students of Latin American economics: leftist government's embrace of neoliberal policies in the 1990s, and the resurgence of a leftist agenda in the 2000s A solid text for those interested in the globalization of finance in emerging markets, understudied in comparison with the OECD.--

Author : Sebastian Edwards,Jeffrey A. Frankel
Publisher : University of Chicago Press
Page : 783 pages
File Size : 43,6 Mb
Release : 2009-02-15
Category : Business & Economics
ISBN : 9780226185057

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Preventing Currency Crises in Emerging Markets by Sebastian Edwards,Jeffrey A. Frankel Pdf

Economists and policymakers are still trying to understand the lessons recent financial crises in Asia and other emerging market countries hold for the future of the global financial system. In this timely and important volume, distinguished academics, officials in multilateral organizations, and public and private sector economists explore the causes of and effective policy responses to international currency crises. Topics covered include exchange rate regimes, contagion (transmission of currency crises across countries), the current account of the balance of payments, the role of private sector investors and of speculators, the reaction of the official sector (including the multilaterals), capital controls, bank supervision and weaknesses, and the roles of cronyism, corruption, and large players (including hedge funds). Ably balancing detailed case studies, cross-country comparisons, and theoretical concerns, this book will make a major contribution to ongoing efforts to understand and prevent international currency crises.

Author : Amy Chua
Publisher : Anchor
Page : 370 pages
File Size : 50,5 Mb
Release : 2004-01-06
Category : Political Science
ISBN : 9781400076376

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World on Fire by Amy Chua Pdf

The reigning consensus holds that the combination of free markets and democracy would transform the third world and sweep away the ethnic hatred and religious zealotry associated with underdevelopment. In this revelatory investigation of the true impact of globalization, Yale Law School professor Amy Chua explains why many developing countries are in fact consumed by ethnic violence after adopting free market democracy. Chua shows how in non-Western countries around the globe, free markets have concentrated starkly disproportionate wealth in the hands of a resented ethnic minority. These “market-dominant minorities” – Chinese in Southeast Asia, Croatians in the former Yugoslavia, whites in Latin America and South Africa, Indians in East Africa, Lebanese in West Africa, Jews in post-communist Russia – become objects of violent hatred. At the same time, democracy empowers the impoverished majority, unleashing ethnic demagoguery, confiscation, and sometimes genocidal revenge. She also argues that the United States has become the world’s most visible market-dominant minority, a fact that helps explain the rising tide of anti-Americanism around the world. Chua is a friend of globalization, but she urges us to find ways to spread its benefits and curb its most destructive aspects.

Author : Larry Diamond,Marc F. Plattner
Publisher : JHU Press
Page : 140 pages
File Size : 41,9 Mb
Release : 2015-10
Category : POLITICAL SCIENCE
ISBN : 9781421418186

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Democracy in Decline? by Larry Diamond,Marc F. Plattner Pdf

"Is Democracy in Decline? is a short book that takes up the fascinating question on whether this once-revolutionary form of government--the bedrock of Western liberalism--is fast disappearing. Has the growth of corporate capitalism, mass economic inequality, and endemic corruption reversed the spread of democracy worldwide? In this incisive collection, leading thinkers address this disturbing and critically important issue. Published as part of the National Endowment for Democracy's 25th anniversary--and drawn from articles forthcoming in the Journal of Democracy--this collection includes seven essays from a stellar group of democracy scholars: Francis Fukuyama, Robert Kagan, Thomas Carothers, Marc Plattner, Larry Diamond, Philippe Schmitter, Steven Levitsky, Ivan Krastev, and Lucan Way. Written in a thought-provoking style from seven different perspectives, this book provides an eye-opening look at how the very foundation of Western political culture may be imperiled"--

Author : Philip Oxhorn
Publisher : Penn State Press
Page : 296 pages
File Size : 50,7 Mb
Release : 2015-08-21
Category : Political Science
ISBN : 9780271056616

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Sustaining Civil Society by Philip Oxhorn Pdf

“South America is not the poorest continent in the world, but it may very well be the most unjust.” This statement by Ricardo Lagos, then president of Chile, at the Summit of the Americas in January 2004 captures nicely the dilemma that faces Latin American countries in the wake of the transition to democracy that swept across the continent in the last two decades of the twentieth century. While political rights are now available to citizens at unprecedented levels, social and economic rights lag far behind, and the fledgling democracies struggle with long legacies of poverty, inequality, and corruption. Key to understanding what is happening in Latin America today is the relationship between the state and civil society. In this ambitious book, Philip Oxhorn sets forth a theory of civil society adequate for explaining current developments in a way that such controversial neoconservative theories as Francis Fukuyama’s liberal triumphalism or Samuel Huntington’s “clash of civilizations” cannot. Inspired by the rich political sociology of an earlier era and the classic work of T. H. Marshall on citizenship, Oxhorn studies the process by which social groups are incorporated, or not, into national socioeconomic and political development through an approach that focuses on the “social construction of citizenship.”

Author : Jale Tosun
Publisher : Unknown
Page : 266 pages
File Size : 43,9 Mb
Release : 2014-05-10
Category : BUSINESS & ECONOMICS
ISBN : 1442699191

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Environmental Policy Change in Emerging Market Democracies by Jale Tosun Pdf

This book examines environmental policy change in twenty-eight Central and Eastern European and Latin American countries against a background of significant political and economic transformation over the past two decades. Through cross-regional comparison and a multi-methods approach, Jale Tosun investigates changes in the regulation of air, soil, and water pollution, genetically modified corn, and the sustainable management of forests. Tosun also looks at the relationship between system transformation and the creation of environmental procuracies in both parts of the world. Environmental Policy Change in Emerging Market Democracies demonstrates that, although political and economic transformations have positively affected environmental policy in both regions, the extent of policy change varies considerably across Central and Eastern Europe and Latin America. At the same time, as Tosun argues, economic integration has acted as a major driver of a stronger governmental enforcement commitment as expressed by the creation of environmental procuracies.