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About this book
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.
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Table of contents (7 chapters)
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Front Matter
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The Effects of Political Credibility on Growth: Theory and Empirical Evidence
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Front Matter
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The Sources of Political Credibility
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Front Matter
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Back Matter
Bibliographic Information
Book Title: Political Credibility and Economic Development
Authors: Silvio Borner, Aymo Brunetti, Beatrice Weder
DOI: https://doi.org/10.1007/978-1-349-24049-4
Publisher: Palgrave Macmillan London
eBook Packages: Palgrave Economics & Finance Collection, Economics and Finance (R0)
Copyright Information: Palgrave Macmillan, a division of Macmillan Publishers Limited 1995
Hardcover ISBN: 978-0-312-12376-5Due: 21 June 1995
eBook ISBN: 978-1-349-24049-4Published: 27 July 2016
Edition Number: 1
Number of Pages: XIV, 216
Topics: Macroeconomics/Monetary Economics//Financial Economics, Democracy, Development Economics