Download or read book The Politics of Property Rights written by Stephen Haber and published by Cambridge University Press. This book was released on 2003-05-26 with total page 420 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book addresses a puzzle in political economy: why is it that political instability does not necessarily translate into economic stagnation or collapse? In order to address this puzzle, it advances a theory about property rights systems in many less developed countries. In this theory, governments do not have to enforce property rights as a public good. Instead, they may enforce property rights selectively (as a private good), and share the resulting rents with the group of asset holders who are integrated into the government. Focusing on Mexico, this book explains how the property rights system was constructed during the Porfirio Díaz dictatorship (1876-1911) and then explores how this property rights system either survived, or was reconstructed. The result is an analytic economic history of Mexico under both stability and instability, and a generalizable framework about the interaction of political and economic institutions.
Download or read book How Does Political Instability Affect Economic Growth written by Mr.Ari Aisen and published by International Monetary Fund. This book was released on 2011-01-01 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this paper is to empirically determine the effects of political instability on economic growth. Using the system-GMM estimator for linear dynamic panel data models on a sample covering up to 169 countries, and 5-year periods from 1960 to 2004, we find that higher degrees of political instability are associated with lower growth rates of GDP per capita. Regarding the channels of transmission, we find that political instability adversely affects growth by lowering the rates of productivity growth and, to a smaller degree, physical and human capital accumulation. Finally, economic freedom and ethnic homogeneity are beneficial to growth, while democracy may have a small negative effect.
Download or read book Global Instability written by S. McBride and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt: Global Instability: Uncertainty and New Visions in Political Economy presents a series of papers that address the political consequences of globalization for states and their populations, while exploring the issue of alternatives to the model of globalization we are presently experiencing. The focus moves from the world of international agreements to the national and sub-national dilemmas that are posed by attempting to manage a set of global developments within a given territory. The initial chapter, by Daniel Drache, explores a still-born post-war international organization, the International Trade Organization, that offers a different vision of how a globally integrated economy might operate. A number of papers then explore the challenges posed by today's globalization, including currency instability in an environment of financial deregulation, the rights conferred on investors by the North American Free Trade Agreement, and the progressive liberalization of trade in services built into the General Agreement on Trade in Services.
Download or read book Agendas and Instability in American Politics written by Frank R. Baumgartner and published by University of Chicago Press. This book was released on 2010-03-15 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: When Agendas and Instability in American Politics appeared fifteen years ago, offering a profoundly original account of how policy issues rise and fall on the national agenda, the Journal of Politics predicted that it would “become a landmark study of public policy making and American politics.” That prediction proved true and, in this long-awaited second edition, Bryan Jones and Frank Baumgartner refine their influential argument and expand it to illuminate the workings of democracies beyond the United States. The authors retain all the substance of their contention that short-term, single-issue analyses cast public policy too narrowly as the result of cozy and dependable arrangements among politicians, interest groups, and the media. Jones and Baumgartner provide a different interpretation by taking the long view of several issues—including nuclear energy, urban affairs, smoking, and auto safety—to demonstrate that bursts of rapid, unpredictable policy change punctuate the patterns of stability more frequently associated with government. Featuring a new introduction and two additional chapters, this updated edition ensures that their findings will remain a touchstone of policy studies for many years to come.
Download or read book The Political Dimension of Economic Growth written by Silvio Borner and published by Springer. This book was released on 1998-04-12 with total page 403 pages. Available in PDF, EPUB and Kindle. Book excerpt: The state and its institutions are crucial for economic development: for better and for worse. This insight informs this important, up-to-date and authoritative survey of new trends in growth economics and the widely divergent economic performance of developing countries - for example, between Latin America and South-east Asia - which seemed to be similarly placed just a generation ago. The decisive role of the political dimension in economic growth seems clear but there are many challenges to be met in getting an analytical handle on the precise determinants and in testing empirically for this. This is the challenge taken up by the international team of contributors.
Download or read book The Political Economy of Iran written by Farhad Gohardani and published by Springer. This book was released on 2019-03-07 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study entails a theoretical reading of the Iranian modern history and follows an interdisciplinary agenda at the intersection of philosophy, psychoanalysis, economics, and politics and intends to offer a novel framework for the analysis of socio-economic development in Iran in the modern era. A brief review of Iranian modern history from the Constitutional Revolution to the Oil Nationalization Movement, the 1979 Islamic Revolution, and the recent Reformist and Green Movements demonstrates that Iranian people travelled full circle. This historical experience of socio-economic development revolving around the bitter question of “Why are we backward?” and its manifestation in perpetual socio-political instability and violence is the subject matter of this study. Michel Foucault’s conceived relation between the production of truth and production of wealth captures the essence of hypothesis offered in this study. Foucault (1980: 93–94) maintains that “In the last analysis, we must produce truth as we must produce wealth; indeed we must produce truth in order to produce wealth in the first place.” Based on a hybrid methodology combining hermeneutics of understanding and hermeneutics of suspicion, this monograph proposes that the failure to produce wealth has had particular roots in the failure in the production of truth and trust. At the heart of the proposed theoretical model is the following formula: the Iranian subject’s confused preference structure culminates in the formation of unstable coalitions which in turn leads to institutional failure, creating a chaotic social order and a turbulent history as experienced by the Iranian nation in the modern era. As such, the society oscillates between the chaotic states of socio-political anarchy emanating from irreconcilable differences between and within social assemblages and their affiliated hybrid forms of regimes of truth in the springs of freedom and repressive states of order in the winters of discontent. Each time, after the experience of chaos, the order is restored based on the emergence of a final arbiter (Iranian leviathan) as the evolved coping strategy for achieving conflict resolution. This highly volatile truth cycle produces the experience of socio-economic backwardness and violence. The explanatory power of the theoretical framework offered in the study exploring the relation between the production of truth, trust, and wealth is demonstrated via providing historical examples from strong events of Iranian modern history. The significant policy implications of the model are explored. This monograph will appeal to researchers, scholars, graduate students, policy makers and anyone interested in the Middle Eastern politics, Iran, development studies and political economy.
Download or read book Seeds of Stability written by Ethan B. Kapstein and published by Cambridge University Press. This book was released on 2017-05-18 with total page 319 pages. Available in PDF, EPUB and Kindle. Book excerpt: An original analysis of American interventions in the developing world, asking what can be done to reduce their economic and human cost. Kapstein shows the conditions under which American policies are most likely to produce political stability, and when they are most likely to fail.
Download or read book The Political Economy of Central America Since 1920 written by V. Bulmer-Thomas and published by CUP Archive. This book was released on 1987-12-10 with total page 452 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this book Victor Bulmer-Thomas uses his previously unpublished estimates of the national accounts to explore economic and social development in the five Central American republics from 1920. He examines in detail variations in economic policy between countries which help to account for differences in performance. The major political developments are woven into the analysis and linked to changes in internal and external conditions. Growth under liberal oligarchic rule in the 1920s, heavily dependent on exports of coffee and bananas, was accompanied by modest reform programmes. The 1929 depression, which hit the region hard, undermined most of the reforms and ushered in a period of dictatorial rule in all republics except Costa Rica. The Second World War, particularly after the entry of the United States, at first strengthened the dictatorships, but ultimately produced challenges to rule by authoritarian caudillos. The social upheavals accompanying the post-war export-led boom forced governments in each republic to address the question of economic, social and political reform.
Download or read book Understanding Terrorism and Political Violence written by Dipak K. Gupta and published by Routledge. This book was released on 2008-03-25 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explains the lifecycle of terrorist organizations from an innovative theoretical perspective, combining economics with social psychology. It provides a new approach to understanding human behaviour in organized society, and then uses this to analyze the forces shaping the lifecycle of violent political movements. Economic and rational-choice theorists assume that human beings are motivated only by self-utility, yet terrorism is ultimately an altruistic act in the eyes of its participants. This book highlights the importance of the desire to belong to a group as a motivating factor, and argues that all of us face an eternal trade-off between selfishness and community concern. This hypothesis is explored through four key groups; the IRA in Northern Ireland, Al Qaeda, Hamas, and the Naxalites in India. Through this, the book analyzes the birth, growth, transformation and demise of violent political movements, and ends with an analysis of the conditions which determine the outcome of the war against terrorism. Understanding Terrorism and Political Violence will be essential reading for advanced students of terrorism studies and political science, and of great interest to students of social psychology and sociology.
Download or read book State Structure Policy Formation and Economic Development in Southeast Asia written by Antoinette R. Raquiza and published by Routledge. This book was released on 2013-06-17 with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why do some small, developing countries industrialize and others don’t? What factors account for different economic performance among states that are vulnerable to external shocks, crony capitalism, and political instability? This book argues that the answer lies in the structuring of state power, specifically the way different sets of governing elites – political leaders and economic technocrats – are embedded in political organisations and state institutions, and the way these elites relate to each other in the economic development policy process. Conducting a comparative historical analysis of Thailand and the Philippines, the book argues that the institutional settings of governing elites influence economic outcomes. In Thailand, political power traditionally connects to state institutions in ways that has limited the impact of political turnovers and global downturns - conducive to long-term industrial activities. In contrast, Philippine state power derives from family networks that merge social and political power, suited to fast-moving, short-term commercial interests. In focusing on this political and institutional story, the author analyses the current development dilemmas of countries, weighed down by historical legacies of unstable regimes, dependency, and social conflict, and how they are likely to develop in the future.
Download or read book The Political Economy of Iraq written by Gunter, Frank R. and published by Edward Elgar Publishing. This book was released on 2021-10-15 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt: The second edition of The Political Economy of Iraq is as comprehensive and accessible as the first with updated data and analysis. Frank R. Gunter discusses in detail how the convergence of the ISIS insurgency, collapse in oil prices, and massive youth unemployment produced a serious political crisis in 2020. This work ends with a discussion of key policy decisions that will determine Iraq’s future. This volume will be a valuable resource for anyone with a professional, business, or academic interest in the post-2003 political economy of Iraq.
Download or read book Oil Wealth and the Poverty of Politics written by Miriam R. Lowi and published by Cambridge University Press. This book was released on 2009-11-12 with total page 251 pages. Available in PDF, EPUB and Kindle. Book excerpt: How can we make sense of Algeria's post-colonial experience - the tragedy of unfulfilled expectations, the descent into violence, the resurgence of the state? Oil Wealth and the Poverty of Politics explains why Algeria's domestic political economy unravelled from the mid-1980s, and how the regime eventually managed to regain power and hegemony. Miriam Lowi argues the importance of leadership decisions for political outcomes, and extends the argument to explain the variation in stability in oil-exporting states following economic shocks. Comparing Algeria with Iran, Iraq, Indonesia and Saudi Arabia, she asks why some states break down and undergo regime change, while others remain stable, or manage to re-stabilise after a period of instability. In contrast with exclusively structuralist accounts of the rentier state, this book demonstrates, in a fascinating and accessible study, that political stability is a function of the way in which structure and agency combine.
Download or read book Inequality and Instability written by James K. Galbraith and published by OUP USA. This book was released on 2012-03-30 with total page 339 pages. Available in PDF, EPUB and Kindle. Book excerpt: Demonstrates that finance is the driveshaft that links inequality to economic instability.
Download or read book Politics in Plural Societies written by Alvin Rabushka and published by Addison-Wesley Longman. This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This landmark study in the field of comparative politics is being celebrated for its return to print as the newest addition to the "Longman Classics in Political Science" series. Politics in Plural Societies presents a model of political competition in multi-ethnic societies and explains why plural societies, and the struggle for power within them, often erupt with inter-ethnic hostility. Distinguished scholars Alvin Rabushka and Kenneth Shepsle collaborate again in this reissuing of their classic work to demonstrate - in a new epilogue - the persistence of the arguments and evidence first offered in the book. They apply this thesis to the multi-ethnic politics of countries that are of great interest today: Iraq, Lebanon, Sudan, Yugoslavia, and more.
Download or read book The Oxford Handbook of Corporate Law and Governance written by Jeffrey Neil Gordon and published by Oxford University Press. This book was released on 2018 with total page 1217 pages. Available in PDF, EPUB and Kindle. Book excerpt: Corporate law and governance are at the forefront of regulatory activities worldwide, and subject to increasing public attention in the wake of the Global Financial Crisis. Comprehensively referencing the key debates, the Handbook provides a much-needed framework for understanding the aims and methods of legal research in the field.
Download or read book Legislating Instability written by Tyler Beck Goodspeed and published by Harvard University Press. This book was released on 2016-04-04 with total page 221 pages. Available in PDF, EPUB and Kindle. Book excerpt: From 1716 to 1845, Scotland’s banks were among the most dynamic and resilient in Europe, effectively absorbing a series of adverse economic shocks that rocked financial markets in London and on the continent. Legislating Instability explains the seeming paradox that the Scottish banking system achieved this success without the government controls usually considered necessary for economic stability. Eighteenth-century Scottish banks operated in a regulatory vacuum: no central bank to act as lender of last resort, no monopoly on issuing currency, no legal requirements for maintaining capital reserves, and no formal limits on bank size. These conditions produced a remarkably robust banking system, one that was intensely competitive and served as a prime engine of Scottish economic growth. Despite indicators that might have seemed red flags—large speculative capital flows, a fixed exchange rate, and substantial external debt—Scotland successfully navigated two severe financial crises during the Seven Years’ War. The exception was a severe financial crisis in 1772, seven years after the imposition of the first regulations on Scottish banking—the result of aggressive lobbying by large banks seeking to weed out competition. While these restrictions did not cause the 1772 crisis, Tyler Beck Goodspeed argues, they critically undermined the flexibility and resilience previously exhibited by Scottish finance, thereby elevating the risk that another adverse economic shock, such as occurred in 1772, might threaten financial stability more broadly. Far from revealing the shortcomings of unregulated banking, as Adam Smith claimed, the 1772 crisis exposed the risks of ill-conceived bank regulation.
Download or read book The Political Economy of Dictatorship written by Ronald Wintrobe and published by Cambridge University Press. This book was released on 2000-09-25 with total page 404 pages. Available in PDF, EPUB and Kindle. Book excerpt: Although much of the world still lives today, as always, under dictatorship, the behaviour of these regimes and of their leaders often appears irrational and mysterious. In The Political Economy of Dictatorship, Ronald Wintrobe uses rational choice theory to model dictatorships: their strategies for accumulating power, the constraints on their behavior, and why they are often more popular than is commonly accepted. The book explores both the politics and the economics of dictatorships, and the interaction between them. The questions addressed include: What determines the repressiveness of a regime? Can political authoritarianism be 'good' for the economy? After the fall, who should be held responsible for crimes against human rights? The book contains many applications, including chapters on Nazi Germany, Soviet Communism, South Africa under apartheid, the ancient Roman Empire and Pinochet's Chile. It also provides a guide to the policies which should be followed by the democracies towards dictatorships.
