The Economics of Young Democracies

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Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis The Economics of Young Democracies by : Ethan B. Kapstein

Download or read book The Economics of Young Democracies written by Ethan B. Kapstein and published by . This book was released on 2007 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the "third wave" of democratization began in 1974, nearly 100 states have adopted democratic forms of government, including, of course, most of the former Soviet bloc nations. Policy-makers in the west have expressed the hope that this democratic wave will extend even further, to the Middle East and onward to China. But the durability of this new democratic age remains an open question. By some accounts, at least half of the world's young democracies - often referred to in the academic literature as being "unconsolidated" or "fragile" - are still struggling to develop their political institutions, and several have reverted back to authoritarian rule. Among the countries in the early stages of democratic institution building are states vital to U.S. national security interests, including Afghanistan and Iraq. The ability of fledgling democracies to maintain popular support depends in part on the ability of their governments to deliver economic policies that meet with widespread approval. But what sorts of economic policies are these, and are they necessarily the same as the policies required for tackling difficult issues of economic stabilization and reform? Conversely, what sorts of economic policies are most likely to spark a backlash against young and fragile democratic regimes? Do the leaders of young democracies face trade-offs as they ponder their electoral and economic strategies? These are among the questions we explore in this paper, which provides an overview of the monograph we are currently writing on the economics of young democracies. We do so first by exploring the hypothesized relationships between democratic politics and economic policy, as well as the findings of several important empirical studies with respect to the economic performance of young democracies around the world. We then provide some descriptive statistics on how the new democracies have fared in practice, making use of a new dataset that we have compiled (and which, among other things, is more up-to-date than most others cited herein). Do the data reveal any distinctive economic patterns with respect to democratic consolidation and reversal? We will show that they do. In particular, we find that deteriorating or stagnant economic performance constitutes a red flag or warning signal that the country is at risk of democratic reversal. Moreover, we find considerable variation in economic performance, suggesting that the design of political institutions in new democracies may have a significant influence on the probability of their survival.

Law and the Economy in a Young Democracy

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Publisher : University of Chicago Press
ISBN 13 : 022679914X
Total Pages : 309 pages
Book Rating : 4.2/5 (267 download)

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Book Synopsis Law and the Economy in a Young Democracy by : Tirthankar Roy

Download or read book Law and the Economy in a Young Democracy written by Tirthankar Roy and published by University of Chicago Press. This book was released on 2022-02-08 with total page 309 pages. Available in PDF, EPUB and Kindle. Book excerpt: An essential history of India's economic growth since 1947, including the legal reforms that have shaped the country in the shadow of colonial rule. Economists have long lamented how the inefficiency of India's legal system undermines the country’s economic capacity. How has this come to be? The prevailing explanation is that the postcolonial legal system is understaffed and under-resourced, making adjudication and contract enforcement slow and costly. Taking this as given, Law and the Economy in a Young Democracy examines the contents and historical antecedents of these laws, including how they have stifled economic development. Economists Roy and Swamy argue that legal evolution in independent India has been shaped by three factors: the desire to reduce inequality and poverty; the suspicion that market activity, both domestic and international, can be detrimental to these goals; and the strengthening of Indian democracy over time, giving voice to a growing fraction of society, including the poor. Weaving the story of India's heralded economic transformation with its social and political history, Roy and Swamy show how inadequate legal infrastructure has been a key impediment to the country's economic growth during the last century. A stirring and authoritative history of a nation rife with contradictions, Law and the Economy in a Young Democracy is essential reading for anyone seeking to understand India's current crossroads—and the factors that may keep its dreams unrealized.

The Fate of Young Democracies

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Publisher : Cambridge University Press
ISBN 13 : 1107376025
Total Pages : 264 pages
Book Rating : 4.1/5 (73 download)

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Book Synopsis The Fate of Young Democracies by : Ethan B. Kapstein

Download or read book The Fate of Young Democracies written by Ethan B. Kapstein and published by Cambridge University Press. This book was released on 2008-09-29 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: The recent backlash against democracy in such countries as Bolivia, Venezuela, Russia, and Georgia poses renewed concerns about the viability of this regime type in the developing world. Drawing on a unique data set of every democratization episode since 1960, this book explores the underlying reasons for backsliding and reversal in the world's fledgling democracies and offers some proposals with respect to what the international community might do to help these states stay on track toward political stability. Rejecting earlier scholarship on this topic, Kapstein and Converse argue that the core of the problem is found in the weak institutions that have been built in much of the developing world, which encourage leaders to abuse their power. Understanding the underlying reasons for democratic failure is essential if we are to offer policy recommendations that have any hope of making a difference on the ground.

Economic Origins of Dictatorship and Democracy

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Publisher : Cambridge University Press
ISBN 13 : 9780521855266
Total Pages : 444 pages
Book Rating : 4.8/5 (552 download)

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Book Synopsis Economic Origins of Dictatorship and Democracy by : Daron Acemoglu

Download or read book Economic Origins of Dictatorship and Democracy written by Daron Acemoglu and published by Cambridge University Press. This book was released on 2006 with total page 444 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book develops a framework for analyzing the creation and consolidation of democracy. Different social groups prefer different political institutions because of the way they allocate political power and resources. Thus democracy is preferred by the majority of citizens, but opposed by elites. Dictatorship nevertheless is not stable when citizens can threaten social disorder and revolution. In response, when the costs of repression are sufficiently high and promises of concessions are not credible, elites may be forced to create democracy. By democratizing, elites credibly transfer political power to the citizens, ensuring social stability. Democracy consolidates when elites do not have strong incentive to overthrow it. These processes depend on (1) the strength of civil society, (2) the structure of political institutions, (3) the nature of political and economic crises, (4) the level of economic inequality, (5) the structure of the economy, and (6) the form and extent of globalization.

The Fate of Young Democracies

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Publisher : Cambridge University Press
ISBN 13 : 9780521732628
Total Pages : 0 pages
Book Rating : 4.7/5 (326 download)

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Book Synopsis The Fate of Young Democracies by : Ethan B. Kapstein

Download or read book The Fate of Young Democracies written by Ethan B. Kapstein and published by Cambridge University Press. This book was released on 2008-09-29 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The recent backlash against democracy in such countries as Bolivia, Venezuela, Russia, and Georgia poses renewed concerns about the viability of this regime type in the developing world. Drawing on a unique data set of every democratization episode since 1960, this book explores the underlying reasons for backsliding and reversal in the world's fledgling democracies and offers some proposals with respect to what the international community might do to help these states stay on track toward political stability. Rejecting earlier scholarship on this topic, which focused on poor economic performance as the leading cause of democratic reversal, Kapstein and Converse argue that the core of the problem is found in the weak institutions that have been built in much of the developing world, which encourage leaders to abuse their power. Understanding the underlying reasons for democratic failure is essential if we are to offer policy recommendations that have any hope of making a difference on the ground.

Economic Reforms in New Democracies

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Publisher : Cambridge University Press
ISBN 13 : 9780521438452
Total Pages : 244 pages
Book Rating : 4.4/5 (384 download)

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Book Synopsis Economic Reforms in New Democracies by : Luiz Carlos Bresser Pereira

Download or read book Economic Reforms in New Democracies written by Luiz Carlos Bresser Pereira and published by Cambridge University Press. This book was released on 1993-04-30 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: A 1993 assessment of differing experiences of the transition to democracy in the countries of Southern Europe, Latin America and Eastern Europe.

The Democratic Economy

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Publisher : Harmondsworth, Middlesex : Penguin Books
ISBN 13 :
Total Pages : 284 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis The Democratic Economy by : Geoff Hodgson

Download or read book The Democratic Economy written by Geoff Hodgson and published by Harmondsworth, Middlesex : Penguin Books. This book was released on 1984 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Edge of Chaos

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Publisher : Basic Books
ISBN 13 : 0465097472
Total Pages : 320 pages
Book Rating : 4.4/5 (65 download)

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Book Synopsis Edge of Chaos by : Dambisa Moyo

Download or read book Edge of Chaos written by Dambisa Moyo and published by Basic Books. This book was released on 2018-04-24 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: From an internationally acclaimed economist, a provocative call to jump-start economic growth by aggressively overhauling liberal democracy Around the world, people who are angry at stagnant wages and growing inequality have rebelled against established governments and turned to political extremes. Liberal democracy, history's greatest engine of growth, now struggles to overcome unprecedented economic headwinds--from aging populations to scarce resources to unsustainable debt burdens. Hobbled by short-term thinking and ideological dogma, democracies risk falling prey to nationalism and protectionism that will deliver declining living standards. In Edge of Chaos, Dambisa Moyo shows why economic growth is essential to global stability, and why liberal democracies are failing to produce it today. Rather than turning away from democracy, she argues, we must fundamentally reform it. Edge of Chaos presents a radical blueprint for change in order to galvanize growth and ensure the survival of democracy in the twenty-first century.

Democracy and the Next American Economy

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Publisher :
ISBN 13 : 9781558858763
Total Pages : 0 pages
Book Rating : 4.8/5 (587 download)

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Book Synopsis Democracy and the Next American Economy by : Henry A. J. Ramos

Download or read book Democracy and the Next American Economy written by Henry A. J. Ramos and published by . This book was released on 2019 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Progressive intellectual Henry A. J. Ramos believes the United States is at a crossroads, facing the most challenging moment since the civil rights movement of the late 1960s and early 1970s. In fact, absent major new interventions and investments, he sees this moment as a pivotal turning point in the American journey in which political polarization, income and wealth disparity and public violence"€"much of which is race related"€"threaten the very essence and integrity of our democracy and economy. Ramos examines the policies that have contributed to America's decline, including those that have led to the concentration of great wealth in the hands of a few while condemning many to systemic poverty and inequality. Current economic and social trends, he stresses, are unsustainable and call for organized, concerted action by people of conscience and those affected. Ultimately, Ramos provides a roadmap for the future so the United States can continue to provide opportunities for its people and serve again as a leader in the international community. He offers case studies of organizations that have successfully created and administered programs that further equity in society, restore democratic practices, implement better urban and city planning and protect the environment. Demonstrating both the critical importance and real possibility of leveraging prosperity and justice for all Americans, this compelling work is a must-read for anyone interested in democracy, economic restoration and environmental sustainability.

The Economy and Political Culture in New Democracies

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Publisher : Ashgate Publishing
ISBN 13 :
Total Pages : 224 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis The Economy and Political Culture in New Democracies by : Kristin J. Broderick

Download or read book The Economy and Political Culture in New Democracies written by Kristin J. Broderick and published by Ashgate Publishing. This book was released on 2000 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: This research examines the socio-economic and cultural factors that influence the development of democracy, and also explores how new democracies can be maintained and consolidated. There are case studies which cover developing democracies in Europe, such as the Czech Republic or Slovakia.

The Political Economy of Democratic Transitions

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Publisher : Princeton University Press
ISBN 13 : 0691188017
Total Pages : 406 pages
Book Rating : 4.6/5 (911 download)

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Book Synopsis The Political Economy of Democratic Transitions by : Stephan Haggard

Download or read book The Political Economy of Democratic Transitions written by Stephan Haggard and published by Princeton University Press. This book was released on 2018-06-05 with total page 406 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the last two decades, there has been a widespread movement from authoritarian to democratic rule among developing countries, often occurring against a backdrop of severe economic crises and the adoption of market-oriented reforms. The coincidence of these events raises long-standing questions about the relationship between economic and political change. In this book, Stephan Haggard and Robert Kaufman explore this relationship, addressing a variety of questions: What role have economic crises played in the current wave of political liberalization and democratization? Can new democracies manage the daunting political challenges posed by economic reform? Under what economic and institutional conditions is democracy most likely to be consolidated? Drawing on contemporary political economy and the experiences of twelve Latin American and Asian countries, they develop a new approach to understanding democratic transitions. Haggard and Kaufman first analyze the relationship between economic crisis and authoritarian withdrawal and then examine how the economic and institutional legacies of authoritarian rule affect the capacity of new democratic governments to initiate and sustain economic policy reform. Finally, the authors analyze the consolidation of political and economic reform over the long run. Throughout, they emphasize the relationship between economic conditions, the interests and power of contending social groups, and the mediating role of representative institutions, particularly political parties.

Growth, Crisis, Democracy

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Publisher : Routledge
ISBN 13 : 1315408406
Total Pages : 288 pages
Book Rating : 4.3/5 (154 download)

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Book Synopsis Growth, Crisis, Democracy by : Hideko Magara

Download or read book Growth, Crisis, Democracy written by Hideko Magara and published by Routledge. This book was released on 2017-07-14 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the global financial crisis of 2008, advanced economies have been making various efforts to overcome the economic impasse. While the contrast between the countries that have escaped from the crisis relatively quickly and those still suffering from serious problems is becoming clearer, a new economic crisis stemming from newly emerging economies has again impacted advanced economies. In retrospect, both leftist and rightist governments in advanced economies pursued expansive macroeconomic and welfare policies from the post-WWII period to the oil shocks of the 1970s. While we recognise that the particular policy regime in this ‘Golden Decades’ during which the left and the right implemented similar policies cross-nationally, were characterised by outstanding economic growth in each country, the specific growth patterns varied across countries. Different social coalitions underpinned different growth models. This book is premised on tentative conclusions that Magara and her research collaborators have reached as a result of three years of study related to our previous project on economic crises and policy regimes. Recognising the need to analyse fluid and unstable situations, we have set up a new research design in which we emphasise political variables—whether political leaders and citizens can overcome the various weaknesses inherent in democracy and escape from an economic crisis by establishing an effective social coalition. A new policy regime can be stable only if it is supported by a sufficiently large coalition of social groups whose most important policy demands are satisfied within the new policy regime.

Politicians and Economic Reform in New Democracies

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Publisher : Penn State Press
ISBN 13 : 0271045841
Total Pages : 370 pages
Book Rating : 4.2/5 (71 download)

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Book Synopsis Politicians and Economic Reform in New Democracies by : Kent Eaton

Download or read book Politicians and Economic Reform in New Democracies written by Kent Eaton and published by Penn State Press. This book was released on 2010-11 with total page 370 pages. Available in PDF, EPUB and Kindle. Book excerpt: As economic reform in developing countries has shifted from macroeconomic stabilization to liberalization, opportunities for legislators to influence the process and outcome of reform have increased and their role has become more important. This book focuses attention on differences in institutional structure, in political parties and electoral rules, to show how they create incentives that can explain the varying ways in which legislators respond to policy initiatives from the executive branch. In Argentina and the Philippines, presidents proposed similar fiscal reforms in the 1990s: expanding tax bases, strengthening tax administration, and redesigning tax revenue-sharing with subnational governments. Drawing on archival research and interviews with policy makers, Kent Eaton follows the path of legislation in these three areas from initial proposal to final law to reveal how it was shaped by the legislators participating in the process. Obstacles to the adoption of reform, he demonstrates, are greater in candidate-centered systems like the Philippines&’ (where the cultivation of personal reputations is paramount) than in party-centered systems like Argentina&’s (where loyalty to party leaders is emphasized). To test his argument further, Eaton looks finally at other kinds of reform ventured in these two countries and at tax reforms attempted in some other countries.

Political Economy of Institutions, Democracy and Voting

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Publisher : Springer Science & Business Media
ISBN 13 : 3642195199
Total Pages : 426 pages
Book Rating : 4.6/5 (421 download)

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Book Synopsis Political Economy of Institutions, Democracy and Voting by : Norman Schofield

Download or read book Political Economy of Institutions, Democracy and Voting written by Norman Schofield and published by Springer Science & Business Media. This book was released on 2011-06-11 with total page 426 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents the latest research in the field of Political Economy, dealing with the integration of economics and politics and the way institutions affect social decisions. The authors are eminent scholars from the U.S., Canada, Britain, Spain, Italy, Mexico and the Philippines. Many of them have been influenced by Nobel laureate Douglass North, who pioneered the new institutional social sciences, or by William H. Riker who contributed to the field of positive political theory. The book focuses on topics such as: case studies in institutional analysis; research on war and the formation of states; the analysis of corruption; new techniques for analyzing elections, involving game theory and empirical methods; comparing elections under plurality and proportional rule, and in developed and new democracies.

Democracy and the Market

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Publisher : Cambridge University Press
ISBN 13 : 9780521423359
Total Pages : 230 pages
Book Rating : 4.4/5 (233 download)

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Book Synopsis Democracy and the Market by : Adam Przeworski

Download or read book Democracy and the Market written by Adam Przeworski and published by Cambridge University Press. This book was released on 1991-07-26 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt: The quest for freedom from hunger and repression has triggered in recent years a dramatic, worldwide reform of political and economic systems. Never have so many people enjoyed, or at least experimented with democratic institutions. However, many strategies for economic development in Eastern Europe and Latin America have failed with the result that entire economic systems on both continents are being transformed. This major book analyzes recent transitions to democracy and market-oriented economic reforms in Eastern Europe and Latin America. Drawing in a quite distinctive way on models derived from political philosophy, economics, and game theory, Professor Przeworski also considers specific data on individual countries. Among the questions raised by the book are: What should we expect from these experiments in democracy and market economy? What new economic systems will emerge? Will these transitions result in new democracies or old dictatorships?

The New Challenge to Market Democracies

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Publisher : Brookings Institution Press
ISBN 13 : 0815726635
Total Pages : 23 pages
Book Rating : 4.8/5 (157 download)

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Book Synopsis The New Challenge to Market Democracies by : William A. Galston

Download or read book The New Challenge to Market Democracies written by William A. Galston and published by Brookings Institution Press. This book was released on 2014-11-10 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: William Galston explores the difficulties market democracies face in an era of diminished growth and a weakened middle class. Galston argues that if the West fails to address economic stagnation, other domestic and foreign policy issues will prove intractable.

The New Democracy

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Publisher :
ISBN 13 :
Total Pages : 402 pages
Book Rating : 4.A/5 ( download)

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Book Synopsis The New Democracy by : Walter Edward Weyl

Download or read book The New Democracy written by Walter Edward Weyl and published by . This book was released on 1912 with total page 402 pages. Available in PDF, EPUB and Kindle. Book excerpt: