Political Credibility and Economic Development (Classics in the History and Development) - Hardcover

Borner, Silvio; Brunetti, Aymo; Weder, Beatrice

Hardcover

ISBN 10: 033361769X ISBN 13: 9780333617694

Publisher: Palgrave Macmillan, 1995

Synopsis

Ten case studies pitting Latin American countries against Southeast Asian ones reveal the sources of political credibility. Despite the seemingly superior strength of authoritarian reputation democratic control is the more successful road.

About this title

Synopsis

Why have the economies of some developing countries fallen back while others have advanced? Why have so many stabilization and structural adjustment programmes failed to deliver growth dividends? This text shows that there is a common and valid answer: political credibility defined as the predictability of the institutional rules of the game. As empirical evidence for this theorem, the book features ten case studies pitting Latin American countries against Southeast Asian ones to reveal the sources of political credibility. Economic openness is the necessary precondition, long-term reputation or democratic participation the sufficient one. It concludes that despite the seemingly superior strength of authoritarian reputation, democratic control is the more successful road.

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.

Edition details

• Publisher: Palgrave Macmillan
• Publication date: 1995
• Language: English
• ISBN 10: 033361769X
• ISBN 13: 9780333617694
• Binding: Hardcover
• Number of pages: 230