The Politics of Market Reform in Fragile Democracies

The Politics of Market Reform in Fragile Democracies PDF Author: Kurt Weyland
Publisher: Princeton University Press
ISBN: 0691223432
Category : Political Science
Languages : en
Pages : 353

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Book Description
This book takes a powerful new approach to a question central to comparative politics and economics: Why do some leaders of fragile democracies attain political success--culminating in reelection victories--when pursuing drastic, painful economic reforms while others see their political careers implode? Kurt Weyland examines, in particular, the surprising willingness of presidents in four Latin American countries to enact daring reforms and the unexpected resultant popular support. He argues that only with the robust cognitive-psychological insights of prospect theory can one fully account for the twists and turns of politics and economic policy in Argentina, Brazil, Peru, and Venezuela during the 1980s and 1990s. Assessing conventional approaches such as rational choice, Weyland concludes that prospect theory is vital to any systematic attempt to understand the politics of market reform. Under this theory, if actors perceive themselves to be in a losing situation they are inclined toward risks; if they see a winning situation around them, they prefer caution. In Latin America, Weyland finds, where the public faced an open crisis it backed draconian reforms. And where such reforms yielded an apparent economic recovery, many citizens and their leaders perceived prospects of gains. Successful leaders thus won reelection and the new market model achieved political sustainability. Weyland concludes this accessible book by considering when his novel approach can be used to study crises generally and how it might be applied to a wider range of cases from Latin America, Africa, and Eastern Europe.

The Politics of Market Reform in Fragile Democracies

The Politics of Market Reform in Fragile Democracies PDF Author: Kurt Weyland
Publisher: Princeton University Press
ISBN: 0691223432
Category : Political Science
Languages : en
Pages : 353

Get Book Here

Book Description
This book takes a powerful new approach to a question central to comparative politics and economics: Why do some leaders of fragile democracies attain political success--culminating in reelection victories--when pursuing drastic, painful economic reforms while others see their political careers implode? Kurt Weyland examines, in particular, the surprising willingness of presidents in four Latin American countries to enact daring reforms and the unexpected resultant popular support. He argues that only with the robust cognitive-psychological insights of prospect theory can one fully account for the twists and turns of politics and economic policy in Argentina, Brazil, Peru, and Venezuela during the 1980s and 1990s. Assessing conventional approaches such as rational choice, Weyland concludes that prospect theory is vital to any systematic attempt to understand the politics of market reform. Under this theory, if actors perceive themselves to be in a losing situation they are inclined toward risks; if they see a winning situation around them, they prefer caution. In Latin America, Weyland finds, where the public faced an open crisis it backed draconian reforms. And where such reforms yielded an apparent economic recovery, many citizens and their leaders perceived prospects of gains. Successful leaders thus won reelection and the new market model achieved political sustainability. Weyland concludes this accessible book by considering when his novel approach can be used to study crises generally and how it might be applied to a wider range of cases from Latin America, Africa, and Eastern Europe.

Democratization and Market Reform in Developing and Transitional Countries

Democratization and Market Reform in Developing and Transitional Countries PDF Author: James G. McGann
Publisher: Routledge
ISBN: 1135224927
Category : Political Science
Languages : en
Pages : 236

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Book Description
This book explores the pivotal role of think tanks in the democratization and economic reform movements by evaluating their overall effect on the transformation process in developing and transitional countries around the world. James G. McGann assesses twenty-three think tanks, located in nine countries and four regions of the world: Chile, Peru, Poland, Slovakia, South Africa, Botswana, the Philippines, Thailand, and Vietnam, that have most impacted political and economic transitions in their respective countries. The author examines the role they played in the process of democratization and market reform during the late 80s and 90s and identifies the importance of think tanks in these processes by evaluating their overall effect on the policymaking process. He argues in the early stages of a transition from an authoritarian regime to an open and democratic society the activities of think tanks are especially critical, and they have provided a civil society safety net to support these fragile democracies. This book will be of interest to students and scholars of political science, democratization, development, economic development and civil society.

Public Opinion, Democracy, and Market Reform in Africa

Public Opinion, Democracy, and Market Reform in Africa PDF Author: Michael Bratton
Publisher: Cambridge University Press
ISBN: 9780521602914
Category : Business & Economics
Languages : en
Pages : 488

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Book Description
This book is a groundbreaking exploration of public opinion in sub-Saharan Africa. Based on the Afrobarometer, a survey research project, it reveals what ordinary Africans think about democracy and market reforms, subjects on which almost nothing is otherwise known. The authors find that support for democracy in Africa is wide but shallow and that Afrcns feel trapped between state and market. While Africans are learning about reform on the basis of knowledge, reasoning, and experience, few countries are likely to attain full-fledged democracies and markets anytime soonn.

State Crisis in Fragile Democracies

State Crisis in Fragile Democracies PDF Author: Samuel Handlin
Publisher: Cambridge University Press
ISBN: 1108415423
Category : Political Science
Languages : en
Pages : 337

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Book Description
This book develops a new political-institutional explanation of South America's 'two lefts' and the divergent fates of the region's democratic regimes.

Bounded Rationality and Policy Diffusion

Bounded Rationality and Policy Diffusion PDF Author: Kurt Weyland
Publisher: Princeton University Press
ISBN: 1400828066
Category : Political Science
Languages : en
Pages : 313

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Book Description
Why do very different countries often emulate the same policy model? Two years after Ronald Reagan's income-tax simplification of 1986, Brazil adopted a similar reform even though it threatened to exacerbate income disparity and jeopardize state revenues. And Chile's pension privatization of the early 1980s has spread throughout Latin America and beyond even though many poor countries that have privatized their social security systems, including Bolivia and El Salvador, lack some of the preconditions necessary to do so successfully. In a major step beyond conventional rational-choice accounts of policy decision-making, this book demonstrates that bounded--not full--rationality drives the spread of innovations across countries. When seeking solutions to domestic problems, decision-makers often consider foreign models, sometimes promoted by development institutions like the World Bank. But, as Kurt Weyland argues, policymakers apply inferential shortcuts at the risk of distortions and biases. Through an in-depth analysis of pension and health reform in Bolivia, Brazil, Costa Rica, El Salvador, and Peru, Weyland demonstrates that decision-makers are captivated by neat, bold, cognitively available models. And rather than thoroughly assessing the costs and benefits of external models, they draw excessively firm conclusions from limited data and overextrapolate from spurts of success or failure. Indications of initial success can thus trigger an upsurge of policy diffusion.

The Inclusionary Turn in Latin American Democracies

The Inclusionary Turn in Latin American Democracies PDF Author: Diana Kapiszewski
Publisher: Cambridge University Press
ISBN: 110890159X
Category : Political Science
Languages : en
Pages : 587

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Book Description
Latin American states took dramatic steps toward greater inclusion during the late twentieth and early twenty-first Centuries. Bringing together an accomplished group of scholars, this volume examines this shift by introducing three dimensions of inclusion: official recognition of historically excluded groups, access to policymaking, and resource redistribution. Tracing the movement along these dimensions since the 1990s, the editors argue that the endurance of democratic politics, combined with longstanding social inequalities, create the impetus for inclusionary reforms. Diverse chapters explore how factors such as the role of partisanship and electoral clientelism, constitutional design, state capacity, social protest, populism, commodity rents, international diffusion, and historical legacies encouraged or inhibited inclusionary reform during the late 1990s and early 2000s. Featuring original empirical evidence and a strong theoretical framework, the book considers cross-national variation, delves into the surprising paradoxes of inclusion, and identifies the obstacles hindering further fundamental change.

The Political Economy of Capital Market Reforms in Southeast Asia

The Political Economy of Capital Market Reforms in Southeast Asia PDF Author: X. Zhang
Publisher: Springer
ISBN: 0230346464
Category : Political Science
Languages : en
Pages : 285

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Book Description
In this book, Xiaoke Zhang addresses two fundamental political and policy questions: why do politicians have heterogeneous incentives to pursue public-regarding policies through capital market reforms and why do they differ in their abilities to initiate and implement market reform policies decisively and resolutely?

Corruption, Contention and Reform

Corruption, Contention and Reform PDF Author: Michael Johnston
Publisher: Cambridge University Press
ISBN: 1107034744
Category : Business & Economics
Languages : en
Pages : 313

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Book Description
Explores four types of corruption and the implications for reform, emphasizing practical ways to check abuses of wealth and power.

The Political Economy of the Abe Government and Abenomics Reforms

The Political Economy of the Abe Government and Abenomics Reforms PDF Author: Takeo Hoshi
Publisher: Cambridge University Press
ISBN: 1108843956
Category : Business & Economics
Languages : en
Pages : 573

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Book Description
Explores the politics and economics of the Abe government and evaluates major policies, such as Abenomics policy reforms.

The Third Wave of Democratization in Latin America

The Third Wave of Democratization in Latin America PDF Author: Frances Hagopian
Publisher: Cambridge University Press
ISBN: 9781139445603
Category : Political Science
Languages : en
Pages : 446

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Book Description
The late twentieth century witnessed the birth of an impressive number of new democracies in Latin America. This wave of democratization since 1978 has been by far the broadest and most durable in the history of Latin America, but many of the resulting democratic regimes also suffer from profound deficiencies. What caused democratic regimes to emerge and survive? What are their main achievements and shortcomings? This volume offers an ambitious and comprehensive overview of the unprecedented advances as well as the setbacks in the post-1978 wave of democratization. It seeks to explain the sea change from a region dominated by authoritarian regimes to one in which openly authoritarian regimes are the rare exception, and it analyzes why some countries have achieved striking gains in democratization while others have experienced erosions. The book presents general theoretical arguments about what causes and sustains democracy and analyses of nine compelling country cases.