Coalition Politics and Economic Development: Credibility and the Strength of Weak Governments

Coalition Politics and Economic Development: Credibility and the Strength of Weak Governments

by Irfan Nooruddin
     
 

ISBN-10: 0521138752

ISBN-13: 9780521138758

Pub. Date: 12/02/2010

Publisher: Cambridge University Press

Coalition Politics and Economic Development challenges the conventional wisdom that coalition government hinders necessary policy reform in developing countries. Irfan Nooruddin presents a fresh theory that institutionalized gridlock, by reducing policy volatility and stabilizing investor expectations, is actually good for economic growth. Successful national economic…  See more details below

Overview

Coalition Politics and Economic Development challenges the conventional wisdom that coalition government hinders necessary policy reform in developing countries. Irfan Nooruddin presents a fresh theory that institutionalized gridlock, by reducing policy volatility and stabilizing investor expectations, is actually good for economic growth. Successful national economic performance, he argues, is the consequence of having the right configuration of national political institutions. Countries in which leaders must compromise to form policy are better able to commit credibly to investors and therefore enjoy higher and more stable rates of economic development. Quantitative analysis of business surveys and national economic data together with historical case studies of five countries provide evidence for these claims. This is an original analysis of the relationship between political institutions and national economic performance in the developing world and will appeal to scholars and advanced students of political economy, economic development and comparative politics.

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Product Details

ISBN-13:
9780521138758
Publisher:
Cambridge University Press
Publication date:
12/02/2010
Edition description:
New Edition
Pages:
266
Product dimensions:
5.90(w) x 8.90(h) x 0.70(d)

Table of Contents

1. Introduction;
2. Coalition politics and economic development: theory;
3. Coalition politics and economic development: empirics;
4. Coalition politics and economic development: mechanisms;
5. Coalition dharma and India shining;
6. Developing coalitions in Italy, Spain, Brazil, and Botswana;
7. Conclusion;
Appendices.

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