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Political Credibility and Economic Development : Classics in the History and Development - Silvio Borner

Political Credibility and Economic Development

Classics in the History and Development

Hardcover Published: 21st June 1995
ISBN: 9780333617694
Number Of Pages: 216

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Why have the economies of some developing countries fallen back while others have advanced? Why have so many stabilization and structural adjustment programs failed to deliver growth dividends? This book shows that there is a common and valid answer: political credibility defined as the predictability of the institutional rules of the game. This case is not only argued theoretically but also found to be confirmed by empirical analysis. Ten case studies pitting Latin American countries against Southeast Asian ones reveal the sources of political credibility. Economic openness is the necessary precondition, long-term reputation or democratic participation the sufficient one. Despite the seemingly superior strength of authoritarian reputation democratic control is the more successful road.

The Effects of Political Credibility on Growth: Theory and Empirical Evidence
Catching Up or Falling Behind?p. 3
Political Credibility: A Crucial Factor for Growthp. 16
Measuring Political Credibilityp. 37
Political Credibility and Economic Growth: The Empirical Evidencep. 62
The Sources of Political Credibility
Explaining Political Credibility: Conceptual Foundationsp. 75
Sources of Political Credibility in Ten Countriesp. 105
Implications for Policy Reformp. 149
Appendix 1: The Neoclassical Model of Economic Growthp. 169
Appendix 2: Private Sector Questionnairep. 172
Appendix 3: Indicator of Political Credibilityp. 178
Appendix 4: Measurement and Indicators of Opennessp. 179
Notes and Referencesp. 186
Bibliographyp. 198
Indexp. 207
Table of Contents provided by Blackwell. All Rights Reserved.

ISBN: 9780333617694
ISBN-10: 033361769X
Series: Classics in the History and Development
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 216
Published: 21st June 1995
Publisher: Palgrave Macmillan
Country of Publication: GB
Dimensions (cm): 21.59 x 13.79  x 2.1
Weight (kg): 0.45
Edition Number: 2