COVID-19 Response at Fishpond

Read what we're doing...

The Politics of Market Discipline in Latin America
By

Rating

Product Description
Product Details

Table of Contents

1. Globalization, democracy, and market discipline; 2. Between votes and capital: redistribution and uncertainty in unequal democracies; 3. Investors' 'vote' in presidential elections; 4. The politics of currency booms and crises: explaining the influence of the investors' 'vote'; 5. Currency crisis, policy switch, and ideological convergence: presidential elections in Brazil; 6. Exogenous shocks and investors' political clout: presidential elections in Ecuador; 7. Controlling for incumbency: financial markets' influence in Chavez's Venezuela; 8. 'Vivir con lo nuestro': default and market discipline in Argentina; 9. Who governs?: market discipline in the developed world; 10. Conclusion.

Promotional Information

This book uses a multi-method approach to challenge the notion that financial markets exert a broad influence over economic policy making in emerging economies.

About the Author

Daniela Campello is an Assistant Professor of Politics and International Affairs at the Getulio Vargas Foundation (FGV), Brazil. Before joining the FGV in July 2013, Campello was an Assistant Professor of Politics and International Affairs in the Department of Politics and at the Woodrow Wilson School of Public and International Affairs at Princeton University, New Jersey. Her work has been published in Comparative Political Studies, the Oxford Handbook of Latin American Political Economy, and in edited volumes published in the United States, Spain, Uruguay, and Brazil.

Reviews

'Daniela Campello tackles a very controversial and perhaps most misunderstood topic in the political economy of contemporary Latin America: to what extent do global markets and foreign investors constrain governments, particularly those on the left, preventing them from pursuing redistributive policies voters demand? Her answer is sophisticated and unexpected. The book is a lasting contribution to understand globalization, the emergent left, and the politics of policy making not only in Latin America but elsewhere in the developing world.' Alberto Diaz-Cayeros, Stanford University, California
'It is widely recognized that financial markets discipline governments and induce even leftist rulers to adopt conservative, pro-investor policies. In this impressive book, Daniela Campello breaks new ground by explaining how and why this market discipline varies across countries and over time in Latin America. Campello supports her arguments through a rigorous set of formal models, statistical tests, and comparative case studies, setting a new standard for future scholarship on the politics of market discipline.' Kenneth M. Roberts, Cornell University, New York
'Campello's book will reshape our understanding of currency crises and their role in policy making, in Latin America and beyond. It traces the ebb and flow of conservative and radical policies to the relative availability of hard currency, itself a product of international commodity prices and interest rates, and in so doing forces us to rethink the incentives and constraints facing policy makers in a globalized world. This is an impressive and important book that will become a game-changer for the study of Latin American political economy and a necessary reference for the study of international political economy in developing countries more generally. By reshaping debates over the agency of politicians, given exogenous economic shocks, it will become a crucial piece in our understanding of policy studies more generally.' Maria Victoria Murillo, Columbia University, New York
'The widespread expectation is that capital mobility constrains the policy choices of elected governments, but Daniela Campello's lucid new book tells us precisely when and where mobile capital limits options for economic policy makers, especially those on the left. The theory is nuanced and compelling and should travel well beyond Latin America. This book is indispensable reading for everyone interested in the effects of globalization and the limits to democratization and redistribution in developing countries.' Ben Ross Schneider, Ford International Professor of Political Science, Massachusetts Institute of Technology
"Daniela Campello tackles a very controversial and perhaps most misunderstood topic in the political economy of contemporary Latin America: to what extent do global markets and foreign investors constrain governments, particularly those on the left, preventing them from pursuing redistributive policies voters demand? Her answer is sophisticated and unexpected. The book is a lasting contribution to understand globalization, the emergent left, and the politics of policy making not only in Latin America but elsewhere in the developing world." Alberto Diaz-Cayeros, Stanford University, California
"It is widely recognized that financial markets discipline governments and induce even leftist rulers to adopt conservative, pro-investor policies. In this impressive book, Daniela Campello breaks new ground by explaining how and why this market discipline varies across countries and over time in Latin America. Campello supports her arguments through a rigorous set of formal models, statistical tests, and comparative case studies, setting a new standard for future scholarship on the politics of market discipline." Kenneth M. Roberts, Cornell University, New York
"Campello's book will reshape our understanding of currency crises and their role in policy making, in Latin America and beyond. It traces the ebb and flow of conservative and radical policies to the relative availability of hard currency, itself a product of international commodity prices and interest rates, and in so doing forces us to rethink the incentives and constraints facing policy makers in a globalized world. This is an impressive and important book that will become a game-changer for the study of Latin American political economy and a necessary reference for the study of international political economy in developing countries more generally. By reshaping debates over the agency of politicians, given exogenous economic shocks, it will become a crucial piece in our understanding of policy studies more generally." Maria Victoria Murillo, Columbia University, New York
"The widespread expectation is that capital mobility constrains the policy choices of elected governments, but Daniela Campello's lucid new book tells us precisely when and where mobile capital limits options for economic policy makers, especially those on the left. The theory is nuanced and compelling and should travel well beyond Latin America. This book is indispensable reading for everyone interested in the effects of globalization and the limits to democratization and redistribution in developing countries." Ben Ross Schneider, Ford International Professor of Political Science, Massachusetts Institute of Technology

Ask a Question About this Product More...
Write your question below:
Look for similar items by category
Home » Books » Nonfiction » Politics » General
Home » Books » Nonfiction » Politics » Government » General
Home » Books » Business » Finance » General
People also searched for
How Fishpond Works
Fishpond works with suppliers all over the world to bring you a huge selection of products, really great prices, and delivery included on over 25 million products that we sell. We do our best every day to make Fishpond an awesome place for customers to shop and get what they want — all at the best prices online.
Webmasters, Bloggers & Website Owners
You can earn a 5% commission by selling The Politics of Market Discipline in Latin America: Globalization and Democracy on your website. It's easy to get started - we will give you example code. After you're set-up, your website can earn you money while you work, play or even sleep! You should start right now!
Authors / Publishers
Are you the Author or Publisher of a book? Or the manufacturer of one of the millions of products that we sell. You can improve sales and grow your revenue by submitting additional information on this title. The better the information we have about a product, the more we will sell!
Item ships from and is sold by Fishpond Retail Limited.
Back to top