Download Cutting the Gordian Knot of Economic Reform: When and How by Leonardo Baccini PDF

By Leonardo Baccini

Why do leaders of nations choose to sign up to foreign associations that constrain their freedom to enact family coverage? during this booklet, Leonardo Baccini and Johannes Urpelainen deal with this enduring query of diplomacy by means of taking a look at liberal monetary reforms.

During the prior twenty years, governments around the constructing international have applied many liberal monetary reforms that lessen direct kingdom intervention in numerous industries, for instance with reference to highbrow estate rights and privatization. whereas failure to enforce them could have disastrous fiscal and political outcomes, liberal monetary reforms have additionally provoked excessive political controversy regionally. Baccini and Urpelainen argue that overseas associations support to chop this Gordian knot by means of permitting leaders to credibly decide to liberal rules whereas additionally growing family political aid for reform. The booklet takes a comparative examine constructing nations that experience engaged in treaties with the U.S. and ecu Union to improve an entire idea of while and the way leaders input into foreign associations to impression fiscal reform.

Cutting the Gordian Knot of monetary Reform is the 1st paintings to supply a idea at the layout of foreign associations, the conditions that reason leaders to shape foreign associations, and the consequences of overseas associations on fiscal reform.

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Cutting the Gordian Knot of Economic Reform: When and How International Institutions Help

Why do leaders of nations prefer to sign up to foreign associations that constrain their freedom to enact household coverage? during this ebook, Leonardo Baccini and Johannes Urpelainen handle this enduring query of diplomacy by means of liberal monetary reforms. in the past twenty years, governments around the constructing global have carried out many liberal fiscal reforms that decrease direct kingdom intervention in numerous industries, for instance in regards to highbrow estate rights and privatization.

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Extra info for Cutting the Gordian Knot of Economic Reform: When and How International Institutions Help

Sample text

Liberalization weakens sectors that were previously protected and creates new constituencies who benefit from reduced state intervention in I n t e r n at i o n a l I n s t i t u t i o n s P r o m o t e E c o n o m i c R e f or m [ 19 ] the economy (Hathaway, 1998; Milner and Kubota, 2005; Schamis, 1999). A leader may, therefore, implement economic reforms, not because they increase economic growth, but because they weaken interest groups who oppose the leader while creating new interest groups that support the leader.

But credible commitment is not the only benefit of international institutions: the evidence we provide in this book tells a more complex story. In addition to credibility, our argument emphasizes the importance of international institutions for a leader who wants to change the domestic power balance between opponents and supporters of economic reform at home. We argue that international institutions allow leaders to manipulate the composition of the supporter and opposition coalitions. In addition to “lending credibility” (Stone, 2002), we argue, international institutions can help leaders secure the initial acceptance of economic reform.

Alternatively, leaders can try to mobilize the potential supporters of reform. Schamis (1999) offers an excellent comparative analysis of such strategies in different Latin American countries. He finds that from Argentina to Mexico, much of the economic reform that leaders implemented was carefully crafted to increase rents for potential winners of liberalization. Such strategies coalesced the winners’ coalition, and thus allowed the leader to consolidate her political power through economic I n t e r n at i o n a l I n s t i t u t i o n s P r o m o t e E c o n o m i c R e f or m [ 25 ] reform.

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