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The Perils of International Capital
Hardcover
EconomicsGeneral Political Science
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ISBN10: 110848865X
ISBN13: 9781108488655
Publisher: Cambridge University Press
Published: Dec 19 2019
Pages: 198
Weight: 0.90
Height: 0.60 Width: 6.00 Depth: 9.10
Language: English
ISBN13: 9781108488655
Publisher: Cambridge University Press
Published: Dec 19 2019
Pages: 198
Weight: 0.90
Height: 0.60 Width: 6.00 Depth: 9.10
Language: English
Can foreign capital empower dictatorship? This groundbreaking book develops a unified theory that links three prominent forms of international capital to the endurance of dictatorships. International capital empowers governments to finance two key instruments of non-democratic politics: repression and patronage. The Perils of International Capital uses theory, case studies, and cross-national statistical evidence to demonstrate causal effects between foreign capital and authoritarian politics. These finding are crucial to scholars and policymakers alike, as they call for a recalibration of the welfare effects associated with greater financial globalization. Ahmed reveals that, while foreign capital may improve economic development, it can tragically hinder democratic governance in the process.
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