Globalization and Austerity Politics in Latin America

Globalization and Austerity Politics in Latin America (Cambridge Studies in Comparative Politics)
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In an age of financial globalization, are markets and democracy compatible? For developing countries, the dramatic internationalization of financial markets over the last two decades deepens tensions between politics and markets. Notwithstanding the rise of left-leaning governments in regions like Latin America, macroeconomic policies often have a neoliberal appearance. When is austerity imposed externally and when is it a domestic political choice? By combining statistical tests with extensive field research across Latin America, this book examines the effect of financial globalization on economic policymaking. Kaplan argues that a country's structural composition of international borrowing and its individual technocratic understanding of past economic crises combine to produce dramatically different outcomes in national policy choices. Incorporating these factors into an electoral politics framework, the book then challenges the conventional wisdom that political business cycles are prevalent in newly democratizing regions. This book is accessible to a broad audience and scholars with an interest in the political economy of finance, development and democracy, and Latin American politics.
Country USA
Brand Cambridge University Press
Manufacturer Cambridge University Press
Binding Paperback
ItemPartNumber 63 b/w illus. 21 tables
ReleaseDate 2013-01-28
UnitCount 1
EANs 9781107670761

Country	USA
Brand	Cambridge University Press
Manufacturer	Cambridge University Press
Binding	Paperback
ItemPartNumber	63 b/w illus. 21 tables
ReleaseDate	2013-01-28
UnitCount	1
EANs	9781107670761

Globalization and Austerity Politics in Latin America (Cambridge Studies in Comparative Politics)

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