Notice bibliographique
- Notice
Type(s) de contenu et mode(s) de consultation : Texte noté : électronique
Auteur(s) : Kaplan, Stephen Brett (1973-....)
Titre(s) : Globalization and austerity politics in Latin America [Texte électronique] / Stephen B. Kaplan
Publication : New York : Cambridge University Press, 2013
Description matérielle : 1 online resource (xxi, 331 pages)
Collection : Cambridge studies in comparative politics
Note(s) : "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 long-standing 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 such austerity imposed externally
and when is it a domestic political choice? Employing a multi-method research strategy
that includes statistical tests and extensive field research from across Latin America,
Stephen B. Kaplan builds and tests a theory that explains the effect of financial
globalization on economic policy making. Focusing on both the structural and individual
influences on policy making, he argues that a country's composition of international
borrowing and its technocratic understanding of past economic crises combine to produce
dramatically different outcomes in national policy choices. Incorporating these factors
into an electoral politics framework, Kaplan's book then challenges the conventional
wisdom that political business cycles are most likely in newly democratizing regions.
Inflation-spurring expansions may occur when countries are unhindered by bond market
indebtedness and inflation crisis legacies, but otherwise a political austerity cycle
emerges characterized by macro- economic discipline. This book is targeted toward
a broad audience within political science, economics, and Latin American politics,
but is especially relevant for scholars of political economy of global finance, development
and democracy, and the politics of economic policy making."--Page [i].
"Developing country politicians in a financially globalized world suffer a similar
fate. Hoping to lift their countries to development's pinnacle, they toil against
the fierce force of globalization. The repeatedly roll the policy boulder up the mountain.
Hoping to please mercurial markets, governments cut spending, hike interest rates,
and balance budgets. With each economic crisis, however, the rock repeatedly tumbles
down the mountain. In this manner, financial volatility has wreaked havoc on developing
country economies over the last two decades. Why are some countries able to surmount
the gravity of globalization, while others suffer from a Sisyphus-like misfortune?
Let us begin by taking a brief South American sojourn to Argentina and Venezuela.
With the rise of the Latin American left over the last decade, scholars and the popular
press have often placed these two countries under a similar radical or populist banner.
They share other political and economic characteristics too. They are both presidential,
upper middle-income countries that feature comparatively sized economies and populations.
In terms of their macroeconomic approaches, however, their policy stances ..."--Page
1.
Sujet(s) : Mondialisation -- Amérique latine
Politique d'austérité -- Amérique latine
Politique et gouvernement -- Amérique latine -- 2000-....
Identifiants, prix et caractéristiques : ISBN 9781139625302
Identifiant de la notice : ark:/12148/cb437066455
Notice n° :
FRBNF43706645
(notice reprise d'un réservoir extérieur)
Table des matières : 1. Introduction -- 2. Globalization and austerity politics -- 3. The political economy
of elections -- 4. The electoral boom-bust cycle -- 5. From gunboat to trading-floor
diplomacy -- 6. When Latin American grasshoppers become ants -- 7. The political austerity
cycle -- 8 Conclusion -- Appendix A. Field research interviews.
