Financial Globalization and Democracy in Emerging Markets (International Political Economy) [Hardcover]

Leslie Elliott Armijo (Editor, Introduction), Thomas J. Biersteker (Foreword)

Book Description

ISBN-10: 0312220146 | ISBN-13: 978-0312220143 | Publication Date: February 1999

This book examines the impact of the new, highly liquid, portfolio capital flows on governments, opposition politicians, business and the workforce in such emerging market countries as Mexico, Brazil, Russia, India, Vietnam, Thailand and Indonesia. The contributors lament the economic and political strains on often fragile governments forced by global markets to reduce expenditures and employment drastically in order to defend their currencies. Possible silver linings of financial globalization include the discrediting of incumbent authoritarian regimes and external reinforcement for sound macroeconomic policies.

Editorial Reviews

Review

'A must read for scholars, officials, politicians, journalists, and students interested in exploring the murky waters of globalization.' - Thomas M. Callaghy, University of Pennsylvania 'Armijo's [collection] is a timely and excellent contribution to the on-going academic debate over the pros and cons of market reforms vs. democratic governance in major developing countries.' - Luigi Manzetti, Southern Methodist University --This text refers to an out of print or unavailable edition of this title.

About the Author

LESLIE ELLIOTT ARMIJO is Visiting Scholar, Reed College, Oregon, USA. She has published numerous articles on the interaction of democratization and economic liberalization in developing and transitional countries, the game of inflation in Brazil, and the politics of privatization and market-oriented economic reforms in South America, Mexico, and India. --This text refers to an out of print or unavailable edition of this title.

Product Details

• Hardcover: 348 pages
• Publisher: St. Martin's Press (February 1999)
• Language: English
• ISBN-10: 0312220146
• ISBN-13: 978-0312220143
• Product Dimensions: 8.8 x 5.8 x 1.4 inches
• Shipping Weight: 1.5 pounds
• Amazon Best Sellers Rank: #10,543,992 in Books (See Top 100 in Books)