The Perils of International Capital
Book Details
Format
Paperback / Softback
ISBN-10
1108726852
ISBN-13
9781108726856
Publisher
Cambridge University Press
Imprint
Cambridge University Press
Country of Manufacture
US
Country of Publication
GB
Publication Date
Dec 19th, 2019
Print length
198 Pages
Weight
308 grams
Dimensions
22.70 x 15.20 x 1.20 cms
Ksh 4,850.00
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Financial capital affects domestic politics, and can finance policies that entrench authoritarian rule. This book presents theoretical foundations, cross-national quantitative analysis, and specific historical examples to challenge existing studies and contribute to important literatures in economics and political science.
Can foreign capital empower dictatorship? This groundbreaking book develops a unified theory that links three prominent forms of international capital to the endurance of dictatorships. International capital empowers governments to finance two key instruments of non-democratic politics: repression and patronage. The Perils of International Capital uses theory, case studies, and cross-national statistical evidence to demonstrate causal effects between foreign capital and authoritarian politics. These finding are crucial to scholars and policymakers alike, as they call for a recalibration of the welfare effects associated with greater financial globalization. Ahmed reveals that, while foreign capital may improve economic development, it can tragically hinder democratic governance in the process.
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