Debt, Development, and Democracy

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In the 1970s and 1980s the countries of Latin America dealt with their similar debt problems in very different ways–ranging from militantly market-oriented approaches to massive state intervention in their economies–while their political systems headed toward either democracy or authoritarianism. Applying the tools of modern political economy to a developing-country context, Jeffry Frieden analyzes the different patterns of national economic and political behavior that arose in Argentina, Brazil, Chile, Mexico, and Venezuela. This book will be useful to those interested in comparative politics, international studies, development studies, and political economy more generally. “Jeffry Frieden weaves together a powerful theoretical framework with comparative case studies of the region’s five largest debtor states. The result is the most insightful analysis to date of how the interplay between politics and economics in post-war Latin America set the stage for the dramatic events of the 1980s.”–Carol Wise, Center for Politics and Policy, Claremont Graduate School

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ChairmanLuedtke "SchumpeterWasRight" says:

“Modern Political Economy” in Latin America Frieden’s “Debt, Development and Democracy” is a rational-choice analysis of economic group interests (the “demand side” of political economy) in Latin America that seeks to explain widely differing political and economic outcomes in five countries who faced nearly identical external economic conditions. By holding the external financial environment (foreign lending) constant across the five cases, Frieden can explain two kinds of divergent outcomes (economic policy and…

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