- Category: Books » Business & Economics » Public Finance
- Format: Hardcover Learn more about the Hardcover format using Tower WIKI.
- Publisher: Greenwood Pub Group
- ISBN: 0275965686
- WAPI (Tower ID): 101187779
- Release Date: December 1, 1999
- Average Customer Review: There are no customer reviews yet. Be the first to write a review!
- Tower.com Sales Rank: #1116524 in Books (See Top 100 Books Bestsellers)
- #48239 in Business & Economics (See Top 100 Business & Economics Bestsellers)
- #147 in Public Finance (See Top 100 Public Finance Bestsellers)
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Product DescriptionRun a Quick Search on "Global Capitalism and National Politics" by Timothy P. Kessler to Browse Related Products:Browse more products related to "Global Capitalism and National Politics"Browse more products related to "Timothy P. Kessler"Publisher's noteKessler provides a detailed case study of Mexican financial policy reform as well as a comparison of financial collapse in other emerging markets. He shows how political challenges can distort the economic liberalization process in developing countries and how those choices undermine the economic stability achieved by genuine reform. AnnotationKessler shows how political considerations distorted the liberalization process in Mexico, leading to inconsistent and unsustainable patterns of financial policy. Although market reform is promoted in developing countries to improve economic efficiency and stimulate growth, in Mexico financial liberalization provided rent-seeking opportunities for privileged groups and increased the states' ability to finance politically inspired obligations. The research examines four periods: the populist administrations of Echeverria and Lopez Portillo, during which the foundations of modern financial markets were paradoxically laid; the debt-crisis years of de la Madrid, who reversed his party's political strategy by favoring the business class with financial opportunities; the economic transformation undertaken by Carlos Salinas, who mixed genuine reform with destabilizing anti-market measures; and the political watershed of the Zedillo administration, whose unpopular bank rescue gave opposition parties unprecedented power within Mexico's policy making process. Kessler also provides a comparison of financial collapse in two other emerging markets, South Korea and Russia, and examines the political roots of crisis in both countries. He concludes by suggesting how greater attention to questions of power, social organization, and challenges to state authority can help the policy-making community avoid giving well-meaning advice that is unlikely to be implemented in a sustainable way. If You Enjoy "Global Capitalism and National Politics (Hardcover)", May We Also Recommend:Customer Reviews for "Global Capitalism and National Politics (Hardcover)" by Timothy P. Kessler (Author)There are no customer reviews yet. Be the first to write a review! Public Finance Bestsellers
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