Neoliberalism Accountability And Reform Failures In Emerging Markets

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Neoliberalism, Accountability, and Reform Failures in Emerging Markets

Author : Luigi Manzetti
Publisher : Penn State Press
ISBN 13 : 0271062835
Total Pages : 309 pages
Book Rating : 4.2/5 (71 download)

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Book Synopsis Neoliberalism, Accountability, and Reform Failures in Emerging Markets by : Luigi Manzetti

Download or read book Neoliberalism, Accountability, and Reform Failures in Emerging Markets written by Luigi Manzetti and published by Penn State Press. This book was released on 2015-10-13 with total page 309 pages. Available in PDF, EPUB and Kindle. Book excerpt: The agenda of neoliberal market reform known as the Washington Consensus, which was meant to turn around the economies of developing and postcommunist countries and provide the bedrock of economic success on which stable democracies could be built, has largely proved to be a failure, with Russia and many Latin American countries like Argentina left in severe economic crisis by the end of the 1990s. Some proponents of neoliberal reform, such as Anne Krueger, have attributed this failure to the piecemeal and incomplete implementation of reform measures, while others, including Nobel Prize economist and former World Bank vice president Joseph Stiglitz, have pointed to technical flaws in the policies. While both of these assessments focus narrowly on economic factors, Luigi Manzetti highlights the crucial importance of political institutions and processes to a fully adequate explanation. His argument is that the ideology of neoliberal reform, rooted in the theories of Friedrich von Hayek and Milton Friedman, assumed political checks and balances that did not exist in many of these countries undergoing market reform, and that only by taking political accountability as an influential variable in the equation for success can we really understand what happened. Where accountability was weak, patterns of corruption, collusion, and patronage worked to undermine the intended aims of market reform. Manzetti uses both large N statistical analyses and small N case studies (of Argentina, Chile, and Russia) to provide empirical evidence for his argument.

Neoliberalism, Accountability, and Reform Failures in Emerging Markets

Author : Luigi Manzetti
Publisher : Penn State Press
ISBN 13 : 0271062851
Total Pages : 309 pages
Book Rating : 4.2/5 (71 download)

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Book Synopsis Neoliberalism, Accountability, and Reform Failures in Emerging Markets by : Luigi Manzetti

Download or read book Neoliberalism, Accountability, and Reform Failures in Emerging Markets written by Luigi Manzetti and published by Penn State Press. This book was released on 2010-04-02 with total page 309 pages. Available in PDF, EPUB and Kindle. Book excerpt: The agenda of neoliberal market reform known as the Washington Consensus, which was meant to turn around the economies of developing and postcommunist countries and provide the bedrock of economic success on which stable democracies could be built, has largely proved to be a failure, with Russia and many Latin American countries like Argentina left in severe economic crisis by the end of the 1990s. Some proponents of neoliberal reform, such as Anne Krueger, have attributed this failure to the piecemeal and incomplete implementation of reform measures, while others, including Nobel Prize economist and former World Bank vice president Joseph Stiglitz, have pointed to technical flaws in the policies. While both of these assessments focus narrowly on economic factors, Luigi Manzetti highlights the crucial importance of political institutions and processes to a fully adequate explanation. His argument is that the ideology of neoliberal reform, rooted in the theories of Friedrich von Hayek and Milton Friedman, assumed political checks and balances that did not exist in many of these countries undergoing market reform, and that only by taking political accountability as an influential variable in the equation for success can we really understand what happened. Where accountability was weak, patterns of corruption, collusion, and patronage worked to undermine the intended aims of market reform. Manzetti uses both large N statistical analyses and small N case studies (of Argentina, Chile, and Russia) to provide empirical evidence for his argument.

Neoliberalism: A Very Short Introduction

Author : Manfred B. Steger
Publisher : Oxford University Press
ISBN 13 : 019956051X
Total Pages : 169 pages
Book Rating : 4.1/5 (995 download)

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Book Synopsis Neoliberalism: A Very Short Introduction by : Manfred B. Steger

Download or read book Neoliberalism: A Very Short Introduction written by Manfred B. Steger and published by Oxford University Press. This book was released on 2010-01-21 with total page 169 pages. Available in PDF, EPUB and Kindle. Book excerpt: In its heyday in the late 1990s, neoliberalism emerged as the world's dominant economic paradigm. But the global financial crisis of 2008-9 fundamentally shocked a globalized economy built on neoliberal assumptions. This VSI examines the origins, core claims, and considerable variations of neoliberalism with examples from around the world.

Economics After Neoliberalism

Author : Dani Rodrik, et al
Publisher : Haymarket Books
ISBN 13 : 194651148X
Total Pages : 144 pages
Book Rating : 4.9/5 (465 download)

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Book Synopsis Economics After Neoliberalism by : Dani Rodrik, et al

Download or read book Economics After Neoliberalism written by Dani Rodrik, et al and published by Haymarket Books. This book was released on 2023-10-03 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economics After Neoliberalism offers a powerful case for a new brand of economics—one focused on power and inequality and aimed at a more inclusive society. Three prominent economists—Suresh Naidu, Dani Rodrik, and Gabriel Zucman—lead off with a vision “for economic policy that stands as a genuine alternative to market fundamentalism.” Expanding on “the state of creative ferment” they describe, Boston Review has commissioned responses to their essay from economists, philosophers, political scientists, and policymakers across the political spectrum as well as new essays that challenge the current shape of markets and suggest more democratic alternatives.

Neoliberalism as a State Project

Author : Asa Maron
Publisher : Oxford University Press
ISBN 13 : 0192511467
Total Pages : 256 pages
Book Rating : 4.1/5 (925 download)

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Book Synopsis Neoliberalism as a State Project by : Asa Maron

Download or read book Neoliberalism as a State Project written by Asa Maron and published by Oxford University Press. This book was released on 2017-04-14 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the politics, institutional dynamics, and outcomes of neoliberal restructuring in Israel. It puts forward a bold proposition: that the very creation of a neoliberal political economy may be largely a state project. Correspondingly, it argues that key political conflicts surrounding the realization of this project may occur within the state. Neoliberal restructuring and the institutionalization of permanent austerity are dependent on reconfigured power relations between state actors and are manifested in a new institutional architecture of the state. This architecture, in turn, is the context in which efforts to change social and employment policies play themselves out. The volume frames the coming of neoliberalism in Israel as a set of concrete and far-reaching changes in the power and modes of operation of the key players in the political economy. These changes undermined and neutralized veto players and enabled the ascendance of two state agencies - the Ministry of Finance and the Central Bank - which gained greatly augmented authority and autonomy. These reconfigurations were set in motion by state initiatives that combined punctuated and incremental change. The volume comprises case studies of changes in specific social and labor market policies, revealing a close elective affinity between programmatic neoliberal changes on the one hand, and on the other the proactive drive of the Ministry of Finance to enhance its control over public spending and policy design. The book explores successful neoliberal reforms but also reforms that were blocked, undermined, or overturned by opposition, emphasizing the importance of reformers' capacity to translate temporary achievements into entrenched strategic advantages.

Neoliberal Resilience

Author : Aldo Madariaga
Publisher : Princeton University Press
ISBN 13 : 0691182590
Total Pages : 368 pages
Book Rating : 4.6/5 (911 download)

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Book Synopsis Neoliberal Resilience by : Aldo Madariaga

Download or read book Neoliberal Resilience written by Aldo Madariaga and published by Princeton University Press. This book was released on 2020-09 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: The puzzling resilience of neoliberalism -- Explaining the resilience of neoliberalism -- Neoliberal policies and supporting actors -- Neoliberal resilience and the crafting of social blocs -- Creating support : privatization and business power -- Blocking opposition : political representation and limited democracy -- Locking-in neoliberalism : independent central banks and fiscal spending rules -- Lessons. Neoliberal resilience and the future of democracy.

Booms and Busts: An Encyclopedia of Economic History from the First Stock Market Crash of 1792 to the Current Global Economic Crisis

Author : Mehmet Odekon
Publisher : Routledge
ISBN 13 : 1317475763
Total Pages : 1020 pages
Book Rating : 4.3/5 (174 download)

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Book Synopsis Booms and Busts: An Encyclopedia of Economic History from the First Stock Market Crash of 1792 to the Current Global Economic Crisis by : Mehmet Odekon

Download or read book Booms and Busts: An Encyclopedia of Economic History from the First Stock Market Crash of 1792 to the Current Global Economic Crisis written by Mehmet Odekon and published by Routledge. This book was released on 2015-03-17 with total page 1020 pages. Available in PDF, EPUB and Kindle. Book excerpt: This timely and authoritative set explores three centuries of good times and hard times in major economies throughout the world. More than 400 signed articles cover events from Tulipmania during the 1630s to the U.S. federal stimulus package of 2009, and introduce readers to underlying concepts, recurring themes, major institutions, and notable figures. Written in a clear, accessible style, "Booms and Busts" provides vital insight and perspective for students, teachers, librarians, and the general public - anyone interested in understanding the historical precedents, causes, and effects of the global economic crisis. Special features include a chronology of major booms and busts through history, a glossary of economic terms, a guide to further research, an appendix of primary documents, a topic finder, and a comprehensive index. It features 1,050 pages; three volumes; 8-1/2" X 11"; topic finder; photos; chronology; glossary; primary documents; bibliography; and, index.

Corporate Social Responsibility and Human Rights in Asia

Author : Robert J. Hanlon
Publisher : Routledge
ISBN 13 : 1134503466
Total Pages : 231 pages
Book Rating : 4.1/5 (345 download)

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Book Synopsis Corporate Social Responsibility and Human Rights in Asia by : Robert J. Hanlon

Download or read book Corporate Social Responsibility and Human Rights in Asia written by Robert J. Hanlon and published by Routledge. This book was released on 2014-04-16 with total page 231 pages. Available in PDF, EPUB and Kindle. Book excerpt: As globalization has brought about new concerns and responsibilities for business, particularly in the realm of human rights, many multinational corporations (MNC) operating in Asia have argued that such rights are the responsibility of government. However, as globalization continues to improve market access for MNCs, it increasingly exposes them to new forms of transnational social movements, and as a result the private sector has emerged as one of the central stakeholders in the region’s human rights dialogue. Taking three of Asia’s fastest emerging economies – Cambodia, China and Thailand – as its starting point, Corporate Social Responsibility and Human Rights in Asia explores the business case for corporate social responsibility, human rights and anti-corruption in the region. In doing so, it examines how industry perceives human rights and corruption within the corporate social responsibility (CSR) paradigm, and builds on the argument that the CSR regime is a socially constructed concept. Drawing on interviews with key stakeholders including business leaders, nongovernmental organizations, international organizations and government officials, Robert Hanlon argues that industry perceives human rights as outside their sphere of influence; that divergent stakeholder interests are side-lining the human rights debate; and that human rights are increasingly ignored in the quest for profit-maximization. This leads to the conclusion that human rights and corruption will remain peripheral business issues until stakeholders find new ways of creating space for CSR engagement, and business actors will continue to marginalize the human rights issue so long as governments in the region let them. This interdisciplinary book draws on political science, business and sociological perspectives and as such, will be of great interest to students and scholars working across the fields of Asian business, corporate social responsibility and business ethics, human rights and international political economy.

Resilient Liberalism in Europe's Political Economy

Author : Vivien A. Schmidt
Publisher : Cambridge University Press
ISBN 13 : 1107435692
Total Pages : 473 pages
Book Rating : 4.1/5 (74 download)

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Book Synopsis Resilient Liberalism in Europe's Political Economy by : Vivien A. Schmidt

Download or read book Resilient Liberalism in Europe's Political Economy written by Vivien A. Schmidt and published by Cambridge University Press. This book was released on 2013-08-29 with total page 473 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why have neo-liberal economic ideas been so resilient since the 1980s, despite major intellectual challenges, crippling financial and political crises, and failure to deliver on their promises? Why do they repeatedly return, not only to survive but to thrive? This groundbreaking book proposes five lines of analysis to explain the dynamics of both continuity and change in neo-liberal ideas: the flexibility of neo-liberalism's core principles; the gaps between neo-liberal rhetoric and reality; the strength of neo-liberal discourse in debates; the power of interests in the strategic use of ideas; and the force of institutions in the embedding of neo-liberal ideas. The book's highly distinguished group of authors shows how these possible explanations apply across the most important domains - fiscal policy, the role of the state, welfare and labour markets, regulation of competition and financial markets, management of the Euro, and corporate governance - in the European Union and across European countries.

The Rise of the Regulatory State of the South

Author : Navroz K. Dubash
Publisher : OUP Oxford
ISBN 13 : 0191668486
Total Pages : 320 pages
Book Rating : 4.1/5 (916 download)

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Book Synopsis The Rise of the Regulatory State of the South by : Navroz K. Dubash

Download or read book The Rise of the Regulatory State of the South written by Navroz K. Dubash and published by OUP Oxford. This book was released on 2013-06-27 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 1990s and 2000s have witnessed a spurt of energetic institution-building in the developing world, as regulatory agencies emerge to take over the role of the executive in key sectors. This rise of the regulatory state of the south is barely noticed both by scholars of regulation and of development, let alone adequately documented and theorized. Yet the consequences for the role of the state and modalities of governance in the south are substantial, as politically charged decisions are handed over to formally technocratic agencies, creating new arenas and forms of contestation over the gains and losses from development decisions. Moreover, this shift in the developing world comes at a time when the regulatory state in the north is under considerable stress from the global financial crisis. Understanding the regulatory state of the south, and particularly forms of accommodation to political pressures, could stimulate a broader conversation around the role of the regulatory state in both north and south. This volume seeks to provoke such a discussion by empirically exploring the emergence of regulatory agencies of a range of developing countries across Asia, Africa, and Latin America. The cases focus on telecommunications, electricity, and water: sectors that have often been at the frontlines of this transition. The central question for the volume is: Are there distinctive features of the regulatory state of the South, shaped by the political-economic context of the global south in the last two decades? To assist in exploring this question, the volume includes brief commentaries on the case studies from a range of disciplines: development economics, law and regulation, development sociology, and comparative politics. Collectively, the volume seeks to shape the contours of a productive inter-disciplinary conversation on the emergence of a significant empirical phenomenon - the rise of regulatory agencies in the developing world - with implications both for the study of regulation and the study of development.

Politics of the Global Economic Crisis

Author : Sreeram Chaulia
Publisher : Routledge
ISBN 13 : 1317653661
Total Pages : 248 pages
Book Rating : 4.3/5 (176 download)

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Book Synopsis Politics of the Global Economic Crisis by : Sreeram Chaulia

Download or read book Politics of the Global Economic Crisis written by Sreeram Chaulia and published by Routledge. This book was released on 2014-03-21 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: A crucial commentary on the worst global economic crisis since the Great Depression, this book argues for ‘Three Rs’ — Regulation, Responsibility and Radicalism — i.e., state regulation of finance, state responsibility towards society, and radical social movements to fight for economic justice. It will interest scholars and researchers in international political economy, politics, international relations, and economics, as also policymakers and the informed general reader.

Contesting Trade in Central America

Author : Rose J. Spalding
Publisher : University of Texas Press
ISBN 13 : 0292754590
Total Pages : 351 pages
Book Rating : 4.2/5 (927 download)

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Book Synopsis Contesting Trade in Central America by : Rose J. Spalding

Download or read book Contesting Trade in Central America written by Rose J. Spalding and published by University of Texas Press. This book was released on 2014-04-01 with total page 351 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 2004, the United States, five Central American countries, and the Dominican Republic signed the Central American Free Trade Agreement (CAFTA), signaling the region's commitment to a neoliberal economic model. For many, however, neoliberalism had lost its luster as the new century dawned, and resistance movements began to gather force. Contesting Trade in Central America is the first book-length study of the debate over CAFTA, tracing the agreement's drafting, its passage, and its aftermath across Central America. Rose J. Spalding draws on nearly two hundred interviews with representatives from government, business, civil society, and social movements to analyze the relationship between the advance of free market reform in Central America and the parallel rise of resistance movements. She views this dynamic through the lens of Karl Polanyi's "double movement" theory, which posits that significant shifts toward market economics will trigger oppositional, self-protective social countermovements. Examining the negotiations, political dynamics, and agents involved in the passage of CAFTA in Costa Rica, El Salvador, and Nicaragua, Spalding argues that CAFTA served as a high-profile symbol against which Central American oppositions could rally. Ultimately, she writes, post-neoliberal reform "involves not just the design of appropriate policy mixes and sequences, but also the hard work of building sustainable and inclusive political coalitions, ones that prioritize the quality of social bonds over raw economic freedom."

The Conundrum of Corruption

Author : Michael Johnston
Publisher : Routledge
ISBN 13 : 1000317579
Total Pages : 138 pages
Book Rating : 4.0/5 (3 download)

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Book Synopsis The Conundrum of Corruption by : Michael Johnston

Download or read book The Conundrum of Corruption written by Michael Johnston and published by Routledge. This book was released on 2020-12-30 with total page 138 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book argues that it is time to step back and reassess the anti-corruption movement, which despite its many opportunities and great resources has ended up with a track record that is indifferent at best. Drawing on many years of experience and research, the authors critique many of the major strategies and tactics employed by anti-corruption actors, arguing that they have made the mistake of holding on to problematical assumptions, ideas, and strategies, rather than addressing the power imbalances that enable and sustain corruption. The book argues that progress against corruption is still possible but requires a focus on justice and fairness, considerable tolerance for political contention, and a willingness to stick with the reform cause over a very long process of thoroughgoing, sometimes discontinuous political change. Ultimately, the purpose of the book is not to tell people that they are doing things all wrong. Instead, the authors present new ways of thinking about familiar dilemmas of corruption, politics, contention, and reform. These valuable insights from two of the top thinkers in the field will be useful for policymakers, reform groups, grant-awarding bodies, academic researchers, NGO officers, and students.

Corruption, Contention and Reform

Author : Michael Johnston
Publisher : Cambridge University Press
ISBN 13 : 1107034744
Total Pages : 313 pages
Book Rating : 4.1/5 (7 download)

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Book Synopsis Corruption, Contention and Reform by : Michael Johnston

Download or read book Corruption, Contention and Reform written by Michael Johnston and published by Cambridge University Press. This book was released on 2014 with total page 313 pages. Available in PDF, EPUB and Kindle. Book excerpt: Explores four types of corruption and the implications for reform, emphasizing practical ways to check abuses of wealth and power.

The Routledge Handbook of International Crime and Justice Studies

Author : Bruce Arrigo
Publisher : Routledge
ISBN 13 : 113686850X
Total Pages : 684 pages
Book Rating : 4.1/5 (368 download)

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Book Synopsis The Routledge Handbook of International Crime and Justice Studies by : Bruce Arrigo

Download or read book The Routledge Handbook of International Crime and Justice Studies written by Bruce Arrigo and published by Routledge. This book was released on 2013-08-15 with total page 684 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents the enduring debates and emerging challenges in crime and justice studies from an international and multi-disciplinary perspective.

Political Power and Economic Inequality

Author : Charles F. Andrain
Publisher : Rowman & Littlefield
ISBN 13 : 1442229470
Total Pages : 238 pages
Book Rating : 4.4/5 (422 download)

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Book Synopsis Political Power and Economic Inequality by : Charles F. Andrain

Download or read book Political Power and Economic Inequality written by Charles F. Andrain and published by Rowman & Littlefield. This book was released on 2014-02-14 with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt: This balanced study offers an essential comparative analysis of worldwide income inequality. Charles F. Andrain argues that the globalization of income inequality explains contemporary political life in the United States as well as in other parts of the world. To fully understand global income distribution, we need to grasp how historical changes affect these trends, why social movements stage protests against the growing income gap, and how a comparative approach best explains income differences. Andrain’s tightly written interdisciplinary study stresses the impact of this problem on political life and social change in the United States, Europe, Asia, and Latin America. The comparative evidence probes the full dynamics of this controversial issue and its consequences for society as a whole.

The State and the Private Sector in Latin America

Author : M. Font
Publisher : Springer
ISBN 13 : 1137015764
Total Pages : 302 pages
Book Rating : 4.1/5 (37 download)

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Book Synopsis The State and the Private Sector in Latin America by : M. Font

Download or read book The State and the Private Sector in Latin America written by M. Font and published by Springer. This book was released on 2015-06-16 with total page 302 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book follows ten political economic histories since the 1970s, showing how different forms of partnership have developed, flourished or declined over the time. The author's argument is supported by rich empirical material. It places partnership schemes in a broader social context and provides a deep insight into the phenomenon.