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The Political Economy of the Welfare State in Latin America
This book is one of the first attempts to analyze how developing countries through the early twenty-first century have established systems of social protection, and how these systems have been affected by the processes of globalization and democratization. The book focuses on Latin America to identify factors associated with the evolution of welfare state policies during the pre-globalization period prior to 1979, whilst studying how globalization and democratization have affected governments' fiscal commitment to social spending. In contrast with the Western European experience, more developed welfare systems evolved in countries relatively closed to international trade, while the recent process of globalization that has swept the region has put substantial downward pressure on social security expenditures. Health and education spending has been relatively protected from greater exposure to international markets and has actually increased substantially with the shift to democracy.
Good Governance in Sub-Saharan Africa
Governance and corruption issues have taken the center stage in international discussions, especially after the adoption by the IMF in 2018 of a new framework for engagement on governance and corruption. Sound institutions that guarantee integrity in the management of public affairs are critical on the path toward higher and more inclusive growth. Corruption undermines the quality of institutions, weakens the effectiveness of government programs, and compromises social trust in government policies. Indeed, countries around the world that improved their governance systems are reaping a “governance dividend,” and governance-enhancing reformist countries in sub-Saharan Africa include Botswa...
New Dynamics in East Asian Politics
Using a comparative and thematic approach, this textbook looks at key aspects of the new dynamics in East Asian politics: security, political economy and society.
Development, Democracy, and Welfare States
This is the first book to compare the distinctive welfare states of Latin America, East Asia, and Eastern Europe. Stephan Haggard and Robert Kaufman trace the historical origins of social policy in these regions to crucial political changes in the mid-twentieth century, and show how the legacies of these early choices are influencing welfare reform following democratization and globalization. After World War II, communist regimes in Eastern Europe adopted wide-ranging socialist entitlements while conservative dictatorships in East Asia sharply limited social security but invested in education. In Latin America, where welfare systems were instituted earlier, unequal social-security systems fa...
Diminishing Returns
A set of state of the art empirical analyses at the country, regional, and global level that work from a new theoretical framework that analyzes the politics of growth and stagnation. As highlighted by the recent debate on 'secular stagnation, ' economic growth has slowed down considerably, and this has given rise to a host of new problems, from financial instability to the collapse of mainstream parties. What happens when growth--the main mechanism of capitalist legitimation--is harder to come by and less broadly shared? And how should we think about capitalist diversity in the context of global stagnation? In Diminishing Returns, Lucio Baccaro, Mark Blyth, and Jonas Pontusson address these...
Brazil
This Selected Issues Paper discusses the macroeconomic implications of pension reforms in Brazil. It assesses empirically the relationship between fiscal policy and the real effective exchange rate in emerging markets and draws policy implications. It reviews the current status of local capital markets in the country, the key challenges, and policy options for further development. The paper also provides a detailed description of consumer credit developments and analyzes recent indicators of household financial distress associated with the credit expansion that has taken place in the last couple of years.
Regional Economic Outlook, May 2013, Western Hemisphere
Despite some global risks, external conditions for Latin America should remain stimulative. With monetary policy in advanced economies expected to stay accommodative, external financing conditions will remain favorable. Strong demand from emerging Asian economies and the gradual recovery of advanced economies will continue to support commodity prices, benefiting exporters. The main policy challenge for most of the region is to take advantage of current conditions to continue buttressing a foundation for sustained growth. Other issues important to the region include: (i) strengthening balance sheets; (ii) understanding how changes in external conditions could impact public and external debt dynamics; and (iii) making the best use of the windfall from the recent terms-of-trade boom.
Constructing the International Economy
Focusing empirically on how political and economic forces are always mediated and interpreted by agents, both in individual countries and in the international sphere, Constructing the International Economy sets out what such constructions and what various forms of constructivism mean, both as ways of understanding the world and as sets of varying methods for achieving that understanding. It rejects the assumption that material interests either linearly or simply determine economic outcomes and demands that analysts consider, as a plausible hypothesis, that economies might vary substantially for nonmaterial reasons that affect both institutions and agents' interests. Constructing the Internat...
Contagious Representation
Women’s participation in parliaments, high courts, and executive offices worldwide has reached record high numbers, but this global increase in women’s representation masks significant variation among different democratic political systems. For example, in December of 2009, Rwanda’s legislature contained 56% women, while the U.S. Congress contained only about 17% and the Japanese Diet had only 11%. Since 2000, only twenty-seven women have achieved executive office worldwide. Contagious Representation is a comprehensive look at women’s participation in all aspects of public life in the main democratic political institutions—the executive, the judiciary, the legislature, and within p...
Political Corruption and Democratic Governance
Political Corruption and Democratic Governance explores the effects of political corruption on important aspects of democratic governing. Jongseok Woo and Eunjung Choi use a cross-national lens to analyze how political corruption influences different areas of politics and economics, including electoral outcomes, citizens’ evaluations of democratic norms and values, economic development, distributional justice, and social and political trust in both developed and developing nations. While most works on political corruption focus on the causes of corruption, this book delves into various consequences of it. The discussion in each chapter engages both theoretical and empirical components of political corruption, introducing competing theoretical arguments on a given topic and puts them under rigorous empirical scrutiny. Each chapter involves large-N statistical analysis to make it truly global in scope and to overcome the limits of single (or small-N) case studies on political corruption. This book concludes with critical evaluations about anti-corruption efforts by various IGOs and NGOs and specific policy recommendations to deter corruption.
