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Political Credibility and Economic Development

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  • 216pages
  • 8 heures de lecture

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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.

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

Langue
Année de publication
1995
Reliure
(rigide),
État du livre
Bon
Prix
21,99 €

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Titre
Political Credibility and Economic Development
Langue
Anglais
Publié
1995
Format
rigide
Pages
216
ISBN10
033361769X
ISBN13
9780333617694
Séries
Description
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.