Synopsis
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 answer: 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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From the Back Cover
From personal interviews with dozens of entrepreneurs in different less developed countries we have reached the conclusion that much of trational development analysis is missing an important point.
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Political Credibility and Economic Development
Published by
St. Martins's Griffin, NY, 1995
ISBN 10: 0312123760
ISBN 13: 9780312123765
Used
Hardcover
Seller: Valley Books, AMHERST, MA, U.S.A.
Seller rating 4 out of 5 stars
Hardcover. Condition: Fine. Dust Jacket Condition: Fine. 216pp. Owner's signature on endpaper. Size: 8vo - over 7¾" - 9¾" tall. Seller Inventory # 058184