Creative destruction? : economic crises and democracy in Latin America / Francisco E. González.
Publication year: c2012.
Call Number HB3755.5 .G66 2012
Media class: Book
Publisher: Baltimore : Johns Hopkins University Press
ISBN: 9781421405421 1421405423
Additional information: x, 281 p. : ill. ; 23 cm.
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"Throughout the twentieth century, financial shocks toppled democratic and authoritarian regimes across Latin America. But things began to change in the 1980s. This volume explains why this was the case in Argentina, Chile, and Uruguay. Taking a comparative historical approach, Francisco E. González looks at how the Great Depression, Latin America's 1980s debt crisis, and the emerging markets' meltdowns of the late 1990s and early 2000s affected the governments of these three Southern Cone states. He finds that democratic or not, each nation's governing regime gained stability in the 1980s from a combination of changes in the structure and functioning of national and international institutions, material interests, political ideologies, and economic paradigms and policies"--Publisher description.
Introduction: institutions, interests, and ideas in explaining regime change. Financial shocks, economic crises, and democracy : theory and practice -- Part I. Great Depression, 1929-34. Economic crisis and democracy during the Great Depression -- Institutions : polarized domestic conflicts and weak international capacity -- Interests : foreign capital and domestic coalitions against democracy -- Ideas : extreme ideological conflict and rise of the state in the economy -- Part II. Economic crises and democracy in the late twentieth century. 1982 debt crisis and 1997-2002 emerging markets crises -- Institutions : demise of military-as-government and higher costs for action -- Interests : capital flight, pressures from below, and democracy -- Ideas : Cold War endgame, unipolar moment, and neoliberalism -- Conclusion : implications for democracy after the 2008-9 financial meltdown.
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