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Item Details
Title: POLITICAL CREDIBILITY AND ECONOMIC DEVELOPMENT
By: Silvio Borner, Aymo Brunetti, Beatrice Weder
Format: Hardback

List price: £107.00


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ISBN 10: 0312123760
ISBN 13: 9780312123765
Publisher: PALGRAVE USA
Pub. date: 21 June, 1995
Edition: 1995 ed.
Pages: 216
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.
Illustrations: biography
Publication: US
Imprint: Palgrave Macmillan
Returns: Returnable
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