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Mobile Capital and Latin American Development
Particularly timely in light of the recent Mexican peso crisis, Mobile Capital and Latin American Development examines the causes, consequences, and implications of the Latin American capital flight of the 1980s. It addresses the increasingly mobile and privatized nature of international capital and its power to shape economic policy in those countries. Through a comparison of the policy experiences of Argentina, Brazil, Chile, Colombia, Mexico, and Venezuela, James E. Mahon finds that those countries that suffered the most capital flight had previously faced fewer structural trade problems and had not reoriented their exchange policies to diversify exports and deal with exchange-market inst...
The 2012 Dominican Tax Reform in Historical and Regional Context
In November 2012, publicly worried about a large fiscal deficit, the new government of President Danilo Medina passed a tax reform. The move was preceded by technical discussions with the International Monetary Fund (IMF), consultations with various social and economic interests, and the convocation, for just over two weeks, of the new Economic and Social Council. Many factors pointed to the success of a major reform. The President's party, the Dominican Liberation Party (Partido de la Liberación Dominicana, pld), enjoyed an overwhelming majority in the Senate, and (along with its allies) a clear majority in the House of Representatives. The 2030 National Development Strategy, publicly disc...
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The New Public Management
How policymakers should guide, manage, and oversee public bureaucracies is a question that lies at the heart of contemporary debates about government and public administration. In their search for better systems of public management, reformers have looked in particular at the United Kingdom, Australia, and New Zealand. These countries are exemplars of the New Public Management, a term used to describe distinctive new themes, styles, and patterns of public service management. Calling for public management to become a vibrant field of public policy, this valuable book consolidates recent work on the New Public Management and provides a basis for improving research and policy debate on managing public bureaucracies. A copublication with the Russell Sage Foundation
Rentier States, International Finance, and Governance
The political-science literature is divided on the relationship between resource rents and politics. This may be related to its narrow focus on democracy and on the domestic influences upon governance outcomes. This paper argues that rents are in fact damaging, on balance, but that we need to look at political outcomes beyond democracy while taking account of international causal pathways as well as domestic ones. It also uses the new ICTD dataset while employing regressions with unit fixed effects to avoid omitted-variable bias, The analysis yields two main results. First, a “resource curse” on governance does exist, but in the short term it has more to do with state capacity, corruptio...
