Neoliberalism Accountability And Reform Failures In Emerging Markets
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Neoliberalism Accountability And Reform Failures In Emerging Markets
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Author : Luigi Manzetti
language : en
Publisher: Penn State Press
Release Date : 2010-04-02
Neoliberalism Accountability And Reform Failures In Emerging Markets written by Luigi Manzetti and has been published by Penn State Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-04-02 with Political Science categories.
The agenda of neoliberal market reform known as the Washington Consensus, which was meant to turn around the economies of developing and postcommunist countries and provide the bedrock of economic success on which stable democracies could be built, has largely proved to be a failure, with Russia and many Latin American countries like Argentina left in severe economic crisis by the end of the 1990s. Some proponents of neoliberal reform, such as Anne Krueger, have attributed this failure to the piecemeal and incomplete implementation of reform measures, while others, including Nobel Prize economist and former World Bank vice president Joseph Stiglitz, have pointed to technical flaws in the policies. While both of these assessments focus narrowly on economic factors, Luigi Manzetti highlights the crucial importance of political institutions and processes to a fully adequate explanation. His argument is that the ideology of neoliberal reform, rooted in the theories of Friedrich von Hayek and Milton Friedman, assumed political checks and balances that did not exist in many of these countries undergoing market reform, and that only by taking political accountability as an influential variable in the equation for success can we really understand what happened. Where accountability was weak, patterns of corruption, collusion, and patronage worked to undermine the intended aims of market reform. Manzetti uses both large N statistical analyses and small N case studies (of Argentina, Chile, and Russia) to provide empirical evidence for his argument.
Neoliberalism As A State Project
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Author : Asa Maron
language : en
Publisher: Oxford University Press
Release Date : 2017-04-14
Neoliberalism As A State Project written by Asa Maron and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-04-14 with Political Science categories.
This book explores the politics, institutional dynamics, and outcomes of neoliberal restructuring in Israel. It puts forward a bold proposition: that the very creation of a neoliberal political economy may be largely a state project. Correspondingly, it argues that key political conflicts surrounding the realization of this project may occur within the state. Neoliberal restructuring and the institutionalization of permanent austerity are dependent on reconfigured power relations between state actors and are manifested in a new institutional architecture of the state. This architecture, in turn, is the context in which efforts to change social and employment policies play themselves out. The volume frames the coming of neoliberalism in Israel as a set of concrete and far-reaching changes in the power and modes of operation of the key players in the political economy. These changes undermined and neutralized veto players and enabled the ascendance of two state agencies - the Ministry of Finance and the Central Bank - which gained greatly augmented authority and autonomy. These reconfigurations were set in motion by state initiatives that combined punctuated and incremental change. The volume comprises case studies of changes in specific social and labor market policies, revealing a close elective affinity between programmatic neoliberal changes on the one hand, and on the other the proactive drive of the Ministry of Finance to enhance its control over public spending and policy design. The book explores successful neoliberal reforms but also reforms that were blocked, undermined, or overturned by opposition, emphasizing the importance of reformers' capacity to translate temporary achievements into entrenched strategic advantages.
Neoliberal Resilience
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Author : Aldo Madariaga
language : en
Publisher: Princeton University Press
Release Date : 2020-09
Neoliberal Resilience written by Aldo Madariaga and has been published by Princeton University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-09 with Business & Economics categories.
The puzzling resilience of neoliberalism -- Explaining the resilience of neoliberalism -- Neoliberal policies and supporting actors -- Neoliberal resilience and the crafting of social blocs -- Creating support : privatization and business power -- Blocking opposition : political representation and limited democracy -- Locking-in neoliberalism : independent central banks and fiscal spending rules -- Lessons. Neoliberal resilience and the future of democracy.
Neoliberalism A Very Short Introduction
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Author : Manfred B. Steger
language : en
Publisher: OUP Oxford
Release Date : 2010-01-21
Neoliberalism A Very Short Introduction written by Manfred B. Steger and has been published by OUP Oxford this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-01-21 with Business & Economics categories.
Anchored in the principles of the free-market economics, 'neoliberalism' has been associated with such different political leaders as Ronald Reagan, Margaret Thatcher, Bill Clinton, Tony Blair, Augusto Pinochet, and Junichiro Koizumi. In its heyday during the late 1990s, neoliberalism emerged as the world's dominant economic paradigm stretching from the Anglo-American heartlands of capitalism to the former communist bloc all the way to the developing regions of the global South. At the dawn of the new century, however, neoliberalism has been discredited as the global economy, built on its principles, has been shaken to its core by a financial calamity not seen since the dark years of the 1930s. So is neoliberalism doomed or will it regain its former glory? Will reform-minded G-20 leaders embark on a genuine new course or try to claw their way back to the neoliberal glory days of the Roaring Nineties? Is there a viable alternative to neoliberalism? Exploring the origins, core claims, and considerable variations of neoliberalism, this Very Short Introduction offers a concise and accessible introduction to one of the most debated 'isms' of our time. ABOUT THE SERIES: The Very Short Introductions series from Oxford University Press contains hundreds of titles in almost every subject area. These pocket-sized books are the perfect way to get ahead in a new subject quickly. Our expert authors combine facts, analysis, perspective, new ideas, and enthusiasm to make interesting and challenging topics highly readable.
Booms And Busts An Encyclopedia Of Economic History From The First Stock Market Crash Of 1792 To The Current Global Economic Crisis
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Author : Mehmet Odekon
language : en
Publisher: Routledge
Release Date : 2015-03-17
Booms And Busts An Encyclopedia Of Economic History From The First Stock Market Crash Of 1792 To The Current Global Economic Crisis written by Mehmet Odekon and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-03-17 with Business & Economics categories.
This timely and authoritative set explores three centuries of good times and hard times in major economies throughout the world. More than 400 signed articles cover events from Tulipmania during the 1630s to the U.S. federal stimulus package of 2009, and introduce readers to underlying concepts, recurring themes, major institutions, and notable figures. Written in a clear, accessible style, "Booms and Busts" provides vital insight and perspective for students, teachers, librarians, and the general public - anyone interested in understanding the historical precedents, causes, and effects of the global economic crisis. Special features include a chronology of major booms and busts through history, a glossary of economic terms, a guide to further research, an appendix of primary documents, a topic finder, and a comprehensive index. It features 1,050 pages; three volumes; 8-1/2" X 11"; topic finder; photos; chronology; glossary; primary documents; bibliography; and, index.
The Rise Of The Regulatory State Of The South
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Author : Navroz K. Dubash
language : en
Publisher: OUP Oxford
Release Date : 2013-06-27
The Rise Of The Regulatory State Of The South written by Navroz K. Dubash and has been published by OUP Oxford this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-06-27 with Law categories.
The 1990s and 2000s have witnessed a spurt of energetic institution-building in the developing world, as regulatory agencies emerge to take over the role of the executive in key sectors. This rise of the regulatory state of the south is barely noticed both by scholars of regulation and of development, let alone adequately documented and theorized. Yet the consequences for the role of the state and modalities of governance in the south are substantial, as politically charged decisions are handed over to formally technocratic agencies, creating new arenas and forms of contestation over the gains and losses from development decisions. Moreover, this shift in the developing world comes at a time when the regulatory state in the north is under considerable stress from the global financial crisis. Understanding the regulatory state of the south, and particularly forms of accommodation to political pressures, could stimulate a broader conversation around the role of the regulatory state in both north and south. This volume seeks to provoke such a discussion by empirically exploring the emergence of regulatory agencies of a range of developing countries across Asia, Africa, and Latin America. The cases focus on telecommunications, electricity, and water: sectors that have often been at the frontlines of this transition. The central question for the volume is: Are there distinctive features of the regulatory state of the South, shaped by the political-economic context of the global south in the last two decades? To assist in exploring this question, the volume includes brief commentaries on the case studies from a range of disciplines: development economics, law and regulation, development sociology, and comparative politics. Collectively, the volume seeks to shape the contours of a productive inter-disciplinary conversation on the emergence of a significant empirical phenomenon - the rise of regulatory agencies in the developing world - with implications both for the study of regulation and the study of development.
Resilient Liberalism In Europe S Political Economy
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Author : Vivien A. Schmidt
language : en
Publisher: Cambridge University Press
Release Date : 2013-08-29
Resilient Liberalism In Europe S Political Economy written by Vivien A. Schmidt and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-08-29 with Political Science categories.
Why have neo-liberal economic ideas been so resilient since the 1980s, despite major intellectual challenges, crippling financial and political crises, and failure to deliver on their promises? Why do they repeatedly return, not only to survive but to thrive? This groundbreaking book proposes five lines of analysis to explain the dynamics of both continuity and change in neo-liberal ideas: the flexibility of neo-liberalism's core principles; the gaps between neo-liberal rhetoric and reality; the strength of neo-liberal discourse in debates; the power of interests in the strategic use of ideas; and the force of institutions in the embedding of neo-liberal ideas. The book's highly distinguished group of authors shows how these possible explanations apply across the most important domains - fiscal policy, the role of the state, welfare and labour markets, regulation of competition and financial markets, management of the Euro, and corporate governance - in the European Union and across European countries.
Contesting Trade In Central America
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Author : Rose J. Spalding
language : en
Publisher: University of Texas Press
Release Date : 2014-04-01
Contesting Trade In Central America written by Rose J. Spalding and has been published by University of Texas Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-04-01 with Political Science categories.
In 2004, the United States, five Central American countries, and the Dominican Republic signed the Central American Free Trade Agreement (CAFTA), signaling the region's commitment to a neoliberal economic model. For many, however, neoliberalism had lost its luster as the new century dawned, and resistance movements began to gather force. Contesting Trade in Central America is the first book-length study of the debate over CAFTA, tracing the agreement's drafting, its passage, and its aftermath across Central America. Rose J. Spalding draws on nearly two hundred interviews with representatives from government, business, civil society, and social movements to analyze the relationship between the advance of free market reform in Central America and the parallel rise of resistance movements. She views this dynamic through the lens of Karl Polanyi's "double movement" theory, which posits that significant shifts toward market economics will trigger oppositional, self-protective social countermovements. Examining the negotiations, political dynamics, and agents involved in the passage of CAFTA in Costa Rica, El Salvador, and Nicaragua, Spalding argues that CAFTA served as a high-profile symbol against which Central American oppositions could rally. Ultimately, she writes, post-neoliberal reform "involves not just the design of appropriate policy mixes and sequences, but also the hard work of building sustainable and inclusive political coalitions, ones that prioritize the quality of social bonds over raw economic freedom."
The Conundrum Of Corruption
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Author : Michael Johnston
language : en
Publisher: Routledge
Release Date : 2020-12-30
The Conundrum Of Corruption written by Michael Johnston and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-12-30 with Political Science categories.
This book argues that it is time to step back and reassess the anti-corruption movement, which despite its many opportunities and great resources has ended up with a track record that is indifferent at best. Drawing on many years of experience and research, the authors critique many of the major strategies and tactics employed by anti-corruption actors, arguing that they have made the mistake of holding on to problematical assumptions, ideas, and strategies, rather than addressing the power imbalances that enable and sustain corruption. The book argues that progress against corruption is still possible but requires a focus on justice and fairness, considerable tolerance for political contention, and a willingness to stick with the reform cause over a very long process of thoroughgoing, sometimes discontinuous political change. Ultimately, the purpose of the book is not to tell people that they are doing things all wrong. Instead, the authors present new ways of thinking about familiar dilemmas of corruption, politics, contention, and reform. These valuable insights from two of the top thinkers in the field will be useful for policymakers, reform groups, grant-awarding bodies, academic researchers, NGO officers, and students.
Corruption Contention And Reform
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Author : Michael Johnston
language : en
Publisher: Cambridge University Press
Release Date : 2014
Corruption Contention And Reform written by Michael Johnston and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with Business & Economics categories.
Explores four types of corruption and the implications for reform, emphasizing practical ways to check abuses of wealth and power.