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Political Credibility and Economic Development

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Why have the economies of some developing countries fallen back while others have advanced? Why have so many stabilization and structural adjustment programs failed to deliver growth dividends? This book shows that there is a common and valid political credibility defined as the predictability of the institutional rules of the game. This case is not only argued theoretically but also found to be confirmed by empirical analysis. Ten case studies pitting Latin American countries against Southeast Asian ones reveal the sources of political credibility. Economic openness is the necessary precondition, long-term reputation or democratic participation the sufficient one. Despite the seemingly superior strength of authoritarian reputation democratic control is the more successful road.

Acquisto del libro

Political Credibility and Economic Development, Silvio Borner, Aymo Brunetti, Beatrice Weder

Lingua
Pubblicato
1995
Rilegatura
(Copertina rigida),
Condizioni del libro
In buone condizioni
Prezzo
21,99 €

Metodi di pagamento

Titolo
Political Credibility and Economic Development
Lingua
Inglese
Pubblicato
1995
Formato
Copertina rigida
Pagine
216
ISBN10
033361769X
ISBN13
9780333617694
Serie
Descrizione
Why have the economies of some developing countries fallen back while others have advanced? Why have so many stabilization and structural adjustment programs failed to deliver growth dividends? This book shows that there is a common and valid political credibility defined as the predictability of the institutional rules of the game. This case is not only argued theoretically but also found to be confirmed by empirical analysis. Ten case studies pitting Latin American countries against Southeast Asian ones reveal the sources of political credibility. Economic openness is the necessary precondition, long-term reputation or democratic participation the sufficient one. Despite the seemingly superior strength of authoritarian reputation democratic control is the more successful road.