Neoliberalism Accountability and Reform Failures in Emerging Markets is popular PDF and ePub book, written by Luigi Manzetti in 2015-10-13, it is a fantastic choice for those who relish reading online the Political Science genre. Let's immerse ourselves in this engaging Political Science book by exploring the summary and details provided below. Remember, Neoliberalism Accountability and Reform Failures in Emerging Markets can be Read Online from any device for your convenience.
Neoliberalism Accountability and Reform Failures in Emerging Markets Book PDF Summary
The agenda of neoliberal market reform known as the Washington Consensus, which was meant to turn around the economies of developing and postcommunist countries and provide the bedrock of economic success on which stable democracies could be built, has largely proved to be a failure, with Russia and many Latin American countries like Argentina left in severe economic crisis by the end of the 1990s. Some proponents of neoliberal reform, such as Anne Krueger, have attributed this failure to the piecemeal and incomplete implementation of reform measures, while others, including Nobel Prize economist and former World Bank vice president Joseph Stiglitz, have pointed to technical flaws in the policies. While both of these assessments focus narrowly on economic factors, Luigi Manzetti highlights the crucial importance of political institutions and processes to a fully adequate explanation. His argument is that the ideology of neoliberal reform, rooted in the theories of Friedrich von Hayek and Milton Friedman, assumed political checks and balances that did not exist in many of these countries undergoing market reform, and that only by taking political accountability as an influential variable in the equation for success can we really understand what happened. Where accountability was weak, patterns of corruption, collusion, and patronage worked to undermine the intended aims of market reform. Manzetti uses both large N statistical analyses and small N case studies (of Argentina, Chile, and Russia) to provide empirical evidence for his argument.
Detail Book of Neoliberalism Accountability and Reform Failures in Emerging Markets PDF
- Author : Luigi Manzetti
- Release : 13 October 2015
- Publisher : Penn State Press
- ISBN : 9780271062839
- Genre : Political Science
- Total Page : 309 pages
- Language : English
- PDF File Size : 17,6 Mb
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