Globalization and austerity politics in Latin America / / Stephen B. Kaplan [[electronic resource]]

• Record Nr.: UNINA9910465093503321
• Autore: Kaplan Stephen B. <1973->
• Pubbl/distr/stampa: Cambridge : , : Cambridge University Press, , 2013
• ISBN: 1-139-61042-2; 1-107-23533-2; 1-139-61600-5; 1-139-08619-7; 1-139-62530-6; 1-139-61228-X; 1-107-25438-8; 1-299-31895-9; 1-139-62158-0
• Descrizione fisica: 1 online resource (xxi, 331 pages) : digital, PDF file(s)
• Collana: Cambridge studies in comparative politics
• Disciplina: 330.98
• Soggetti: Globalization - Latin America; Latin America Economic policy; Latin America Politics and government
• Lingua di pubblicazione: Inglese
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Note generali: Title from publisher's bibliographic system (viewed on 05 Oct 2015).
• Nota di bibliografia: Includes bibliographical references and index.
• Nota di contenuto: 1. Introduction -- 2. Globalization and austerity politics -- 3. The political economy of elections -- 4. The electoral boom-bust cycle -- 5. From gunboat to trading-floor diplomacy -- 6. When Latin American grasshoppers become ants -- 7. The political austerity cycle -- 8 Conclusion -- Appendix A. Field research interviews.
• Sommario/riassunto: In an age of financial globalization, are markets and democracy compatible? For developing countries, the dramatic internationalization of financial markets over the last two decades deepens tensions between politics and markets. Notwithstanding the rise of left-leaning governments in regions like Latin America, macroeconomic policies often have a neoliberal appearance. When is austerity imposed externally and when is it a domestic political choice? By combining ; statistical tests with extensive field research across Latin America, this book examines the effect of financial globalization on economic policymaking. Kaplan argues that a country's structural composition of international borrowing and its individual technocratic understanding of past economic crises combine to produce dramatically different outcomes in national policy choices. Incorporating these factors into an electoral politics framework, the book then challenges the conventional wisdom that political business cycles are prevalent in newly democratizing regions. This book is accessible to a broad audience and scholars with an interest in the political economy of finance, development and democracy, and Latin American politics.