Download or read book Pawned States written by Didac Queralt and published by Princeton University Press. This book was released on 2022-08-09 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: How foreign lending weakens emerging nations In the nineteenth century, many developing countries turned to the credit houses of Europe for sovereign loans to balance their books and weather major fiscal shocks such as war. This reliance on external public finance offered emerging nations endless opportunities to overcome barriers to growth, but it also enabled rulers to bypass critical stages in institution building and political development. Pawned States reveals how easy access to foreign lending at early stages of state building has led to chronic fiscal instability and weakened state capacity in the developing world. Drawing on a wealth of original data to document the rise of cheap overseas credit between 1816 and 1913, Didac Queralt shows how countries in the global periphery obtained these loans by agreeing to “extreme conditionality,” which empowered international investors to take control of local revenue sources in cases of default, and how foreclosure eroded a country’s tax base and caused lasting fiscal disequilibrium. Queralt goes on to combine quantitative analysis of tax performance between 1816 and 2005 with qualitative historical analysis in Latin America, Asia, Africa, and the Middle East, illustrating how overreliance on external capital by local leaders distorts their incentives to expand tax capacity, articulate power-sharing institutions, and strengthen bureaucratic apparatus. Panoramic in scope, Pawned States sheds needed light on how early and easy access to external finance pushes developing nations into trajectories characterized by fragile fiscal institutions and autocratic politics.
Download or read book Pawned States written by Didac Queralt and published by Princeton University Press. This book was released on 2022-08-09 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: How foreign lending weakens emerging nations In the nineteenth century, many developing countries turned to the credit houses of Europe for sovereign loans to balance their books and weather major fiscal shocks such as war. This reliance on external public finance offered emerging nations endless opportunities to overcome barriers to growth, but it also enabled rulers to bypass critical stages in institution building and political development. Pawned States reveals how easy access to foreign lending at early stages of state building has led to chronic fiscal instability and weakened state capacity in the developing world. Drawing on a wealth of original data to document the rise of cheap overseas credit between 1816 and 1913, Didac Queralt shows how countries in the global periphery obtained these loans by agreeing to “extreme conditionality,” which empowered international investors to take control of local revenue sources in cases of default, and how foreclosure eroded a country’s tax base and caused lasting fiscal disequilibrium. Queralt goes on to combine quantitative analysis of tax performance between 1816 and 2005 with qualitative historical analysis in Latin America, Asia, Africa, and the Middle East, illustrating how overreliance on external capital by local leaders distorts their incentives to expand tax capacity, articulate power-sharing institutions, and strengthen bureaucratic apparatus. Panoramic in scope, Pawned States sheds needed light on how early and easy access to external finance pushes developing nations into trajectories characterized by fragile fiscal institutions and autocratic politics.
Download or read book Pawn in Frankincense written by Dorothy Dunnett and published by Vintage. This book was released on 2010-08-11 with total page 754 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this fourth book in the legendary Lymond Chronicles, Francis Crawford of Lymond desperately searches the Ottoman empire for his kidnapped child. Somewhere within the bejeweled labyrinth of the Ottoman empire, a child is hidden. Now his father, Francis Crawford of Lymond, soldier of fortune and the exiled heir of Scottish nobility, is searching for him while ostensibly engaged on a mission to the Turkish Sultan. At stake is the political order of three continents, for Lymond's child is a pawn in a cutthroat game whose gambits include treason, enslavement, and murder. In that game's final move, which is played inside the harem of the Topkapi palace, Lymond will come face to face with his most implacable enemy and the dreadful ambiguities of his own nature. With a Foreword by the author.
Download or read book In Hock written by Wendy A. Woloson and published by University of Chicago Press. This book was released on 2009-12-16 with total page 249 pages. Available in PDF, EPUB and Kindle. Book excerpt: The definitive history of pawnbroking in the United States from the nation’s founding through the Great Depression, In Hock demonstrates that the pawnshop was essential to the rise of capitalism. The class of working poor created by this economic tide could make ends meet only, Wendy Woloson argues, by regularly pawning household objects to supplement inadequate wages. Nonetheless, businessmen, reformers, and cultural critics claimed that pawnshops promoted vice, and employed anti-Semitic stereotypes to cast their proprietors as greedy and cold-hearted. Using personal correspondence, business records, and other rich archival sources to uncover the truth behind the rhetoric, Woloson brings to life a diverse cast of characters and shows that pawnbrokers were in fact shrewd businessmen, often from humble origins, who possessed sophisticated knowledge of a wide range of goods in various resale markets. A much-needed new look at a misunderstood institution, In Hock is both a first-rate academic study of a largely ignored facet of the capitalist economy and a resonant portrait of the economic struggles of generations of Americans.
Download or read book Reports from the Consuls of the United States written by United States. Bureau of Foreign Commerce and published by . This book was released on 1894 with total page 816 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Laws of the Federated Malay States 1877 1920 written by Federated Malay States and published by . This book was released on 1921 with total page 768 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Survey of State Procedures Related to Firearm Sales written by and published by . This book was released on 1999 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Bishop as Pawn written by Ralph McInerny and published by . This book was released on 1978-01-01 with total page 219 pages. Available in PDF, EPUB and Kindle. Book excerpt: The thoughtful, patient, and wise Father Dowling and Captain Keegan, his friend and associate, play their dangerous parts in a perilous game involving kidnapping for extortion, blackmailing for terror, and murder for revenge
Download or read book Revised Statutes of the State of Delaware to the Year of Our Lord One Thousand Nine Hundred and Fifteen written by Delaware and published by . This book was released on 1915 with total page 2810 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Documental History of Law Cases Affecting Japanese in the United States written by Japan. Sōryōjikan (San Francisco, Calif.) and published by . This book was released on 1925 with total page 1506 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Documental History of Law Cases Affecting Japanese in the United States 1916 1924 written by Japan. Consulate. San Francisco and published by . This book was released on 1925 with total page 434 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Documental History of Law Cases Affecting Japanese in the United States 1916 1924 Naturalization cases and cases affecting constitutional and treaty rights written by and published by . This book was released on 1925 with total page 442 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Public Statutes of the State of Rhode Island and Providence Plantations written by Rhode Island and published by . This book was released on 1882 with total page 1020 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The American State Reports written by and published by . This book was released on 1896 with total page 1078 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Revised Statutes of the State of Maine Passed January 25 1871 written by Maine and published by . This book was released on 1871 with total page 1296 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Revised Statutes of the State of Maine Passed March 24 1870 Effective February 1 1871 written by Maine and published by . This book was released on 1870 with total page 938 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The American State Reports written by Abraham Clark Freeman and published by . This book was released on 1896 with total page 1072 pages. Available in PDF, EPUB and Kindle. Book excerpt:
