Creative Destruction?: Economic Crises and Democracy in Latin America - Couverture souple

González, Francisco E.

Couverture souple

ISBN 10 : 1421405423 ISBN 13 : 9781421405421

Editeur : Johns Hopkins University Press, 2012

Synopsis

Throughout the twentieth century, financial shocks toppled democratic and authoritarian regimes across Latin America. But things began to change in the 1980s. This volume explains why this was the case in Argentina, Chile, and Uruguay.

Taking a comparative historical approach, Francisco E. González looks at how the Great Depression, Latin America's 1980s debt crisis, and the emerging markets' meltdowns of the late 1990s and early 2000s affected the governments of these three Southern Cone states. He finds that democratic or not, each nation's governing regime gained stability in the 1980s from a combination of changes in the structure and functioning of national and international institutions, material interests, political ideologies, and economic paradigms and policies. Underlying these changes was a growing ease in the exchange of ideas.

As the world's balance of power transitioned from trilateral to bipolar to unipolar, international institutions such as the World Bank and the International Monetary Fund increased crisis interventions that backstopped economic freefalls and strengthened incumbents. Urban-based populations with relatively high per capita income grew and exercised their preference for the stability and prosperity they found as a class under democratic rule. These and other factors combined to substantially increase the cost of military takeovers, leading to fewer coups and an atmosphere friendlier toward domestic and foreign capital investment. González argues that this confluence created a pro-democracy bias--which was present even in Augusto Pinochet's Chile--that not only aided the states' ability to manage economic and political crises but also lessened the political, social, and monetary barriers to maintaining or even establishing democratic governance.

With a concluding chapter on the impact of the Great Recession in other Latin American states, Eastern Europe, and East Asia, Creative Destruction? lends insight into the survival of democratic and authoritarian regimes during times of extreme financial instability. Scholars and students of Latin America, political economy, and democratization studies will find González's arguments engaging and the framework he built for this study especially useful in their own work.

A propos du livre

À propos de l'auteur

Francisco E. González is the Riordan Roett Associate Professor of Latin American Studies at the Johns Hopkins School of Advanced International Studies and author of Dual Transitions from Authoritarian Rule: Institutionalized Regimes in Chile and Mexico, 1970-2000, published by Johns Hopkins.

Détails de l'édition

• Éditeur: Johns Hopkins University Press
• Date d'édition: 2012
• Langue: anglais
• ISBN 10: 1421405423
• ISBN 13: 9781421405421
• Reliure: Broché
• Nombre de pages: 296
• Coordonnées du fabricant: non disponible
• Personne responsable: non disponible