Political Institutions and Politics of Financial Patronage After Liberalization PDF Download

Author: Wongi Choe
Publisher:
ISBN:
Category : Argentina
Languages : en
Pages : 310

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Author: Matias Braun
Publisher: World Bank Publications
ISBN:
Category : Finance
Languages : en
Pages : 47

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"A well developed financial system enhances competition in the industrial sector by allowing easier entry. The impact varies across industries, however. For some, small changes in financial development quickly induce entry and dissipate incumbents' rents, generating strong incentives to oppose improvement of the financial system. In other sectors incumbents may even benefit from increased availability of external funds. The relative strength of promoters and opponents determines the political equilibrium level of financial system development. This may be perturbed by the effect of trade liberalization in the strength of each group. Using a sample of 41 trade liberalizers Braun and Raddatz conduct an event study and show that the change in the strength of promoters vis--̉vis opponents is a very good predictor of subsequent financial development. The result is not driven by changes in demand for external funds, or by the success of the trade policy. The relationship is mediated by policy reforms, the kind that induces competition in the financial sector, in particular. Real effects follow not so much from capital deepening but mainly through improved allocation. The effect is stronger in countries with high levels of governance, suggesting that incumbents resort to this costly but more subtle way of restricting entry where it is difficult to obtain more blatant forms of anti-competitive measures from politicians. This paper--a product of the Investment and Growth Team, Development Research Group--is part of a larger effort in the group to understand the relation between finance and the macroeconomy"--World Bank web site.

Author: Eric M. Uslaner
Publisher: Oxford University Press
ISBN: 0190274816
Category : Political Science
Languages : en
Pages : 753

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This volume explores the foundations of trust, and whether social and political trust have common roots. Contributions by noted scholars examine how we measure trust, the cultural and social psychological roots of trust, the foundations of political trust, and how trust concerns the law, the economy, elections, international relations, corruption, and cooperation, among myriad societal factors. The rich assortment of essays on these themes addresses questions such as: How does national identity shape trust, and how does trust form in developing countries and in new democracies? Are minority groups less trusting than the dominant group in a society? Do immigrants adapt to the trust levels of their host countries? Does group interaction build trust? Does the welfare state promote trust and, in turn, does trust lead to greater well-being and to better health outcomes? The Oxford Handbook of Social and Political Trust considers these and other questions of critical importance for current scholarly investigations of trust.

Author: Lise Rakner
Publisher: Nordic Africa Institute
ISBN: 9789171065063
Category : Democratization
Languages : en
Pages : 54

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This title analyses the implementation of political and economic liberalisation in Zambia during the first two electin periods (1991 - 2001).

Author: Edmund Terence Gomez
Publisher: CUP Archive
ISBN: 9780521663687
Category : Business & Economics
Languages : en
Pages : 252

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Book Description
This book uses the concepts of rent and rent-seeking to study Malaysian political economy.

Author: Anastasia Piliavsky
Publisher: Cambridge University Press
ISBN: 110705608X
Category : Political Science
Languages : en
Pages : 487

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Western policymakers, political activists and academics alike see patronage as the chief enemy of open, democratic societies. Patronage, for them, is a corrupting force, a hallmark of failed and failing states, and the obverse of everything that good, modern governance ought to be. South Asia poses a frontal challenge for this consensus. Here the world's most populous, pluralist and animated democracy is also a hotbed of corruption with persistently startling levels of inequality. Patronage as Politics in South Asia confronts this paradox with calm erudition: sixteen essays by anthropologists, historians and political scientists show, from a wide range of cultural and historical angles, that in South Asia patronage is no feudal residue or retrograde political pressure, but a political form vital in its own right. This volume suggests that patronage is no foe to South Asia's burgeoning democratic cultures, but may in fact be their main driving force.

Author: Bidyut Chakrabarty
Publisher: Routledge
ISBN: 1134132689
Category : Political Science
Languages : en
Pages : 343

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Focusing on politics and society in India, this book explores new areas enmeshed in the complex social, economic and political processes in the country. Linking the structural characteristics with the broader sociological context, the book emphasizes the strong influence of sociological issues on politics, such as social milieu shaping and the articulation of the political in day-to-day events. Political events are connected with the ever-changing social, economic and political processes in order to provide an analytical framework to explain ‘peculiarities’ of Indian politics. Bidyut Chakrabarty argues that three major ideological influences of colonialism, nationalism and democracy have provided the foundational values of Indian politics. Structured thematically and chronologically, this work is a useful resource for students of political science, sociology and South Asian studies.

Author:
Publisher:
ISBN:
Category : Dissertations, Academic
Languages : en
Pages : 672

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Author: James Manor
Publisher: World Bank Publications
ISBN:
Category : Business & Economics
Languages : en
Pages : 152

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Nearly all countries worldwide are now experimenting with decentralization. Their motivation are diverse. Many countries are decentralizing because they believe this can help stimulate economic growth or reduce rural poverty, goals central government interventions have failed to achieve. Some countries see it as a way to strengthen civil society and deepen democracy. Some perceive it as a way to off-load expensive responsibilities onto lower level governments. Thus, decentralization is seen as a solution to many different kinds of problems. This report examines the origins and implications decentralization from a political economy perspective, with a focus on its promise and limitations. It explores why countries have often chosen not to decentralize, even when evidence suggests that doing so would be in the interests of the government. It seeks to explain why since the early 1980s many countries have undertaken some form of decentralization. This report also evaluates the evidence to understand where decentralization has considerable promise and where it does not. It identifies conditions needed for decentralization to succeed. It identifies the ways in which decentralization can promote rural development. And it names the goals which decentralization will probably not help achieve.

Author: Francisco Gutiérrez Sanín
Publisher: IDRC
ISBN: 0745330630
Category : Business & Economics
Languages : en
Pages : 365

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Book Description
A study of workers struggles against management regimes in Britain's car industry from the Second World War to the late 1980s.