Globalization and Austerity Politics in Latin America

1. Introduction 2. Globalization and austerity politics 3. The political economy of elections 4. The electoral boom-bust cycle 5. From gunboat to trading-floor diplomacy 6. When Latin American grasshoppers become ants 7. The political austerity cycle 8. Conclusion Appendix: field research interviews.

[1]  Robert O. Keohane,et al.  Designing Social Inquiry: Scientific Inference in Qualitative Research. , 1995 .

[2]  Christopher R. Way,et al.  Political Cycles and Exchange-Rate-Based Stabilization , 2003 .

[3]  S. Edwards.  The International Monetary Fund and the Developing Countries: a Critical Evaluation , 1989 .

[4]  A. Alesina,et al.  Political Cycles in OECD Economies , 1990 .

[5]  A. Lindbeck.  Stabilization Policy in Open Economies with Endogenous Politicians , 1976 .

[6]  Kevin Morrison.  Oil, Nontax Revenue, and the Redistributional Foundations of Regime Stability , 2009, International Organization.

[7]  Karen L. Remmer.  The Political Impact of Economic Crisis in Latin America in the 1980s , 1991, American Political Science Review.

[8]  Thomas van Rompay,et al.  Room to Move , 2013 .

[9]  Stephan Haggard.  The politics of adjustment: lessons from the IMF's Extended Fund Facility , 1985, International Organization.

[10]  W. Nordhaus.  The Political Business Cycle , 1975 .

[11]  Barry Eichengreen,et al.  What Explains Changing Spreads on Emerging-Market Debt: Fundamentals or Market Sentiment? , 1998 .

[12]  David M. Andrews.  Capital Mobility and State Autonomy: Toward a Structural Theory of International Monetary Relations , 1994 .

[13]  M. Olson,et al.  The Logic of Collective Action , 1965 .

[14]  Thomas B. Pepinsky,et al.  Capital Mobility and Coalitional Politics: Authoritarian Regimes and Economic Adjustment in Southeast Asia , 2008 .

[15]  David R. Cameron,et al.  The Expansion of the Public Economy: A Comparative Analysis , 1978, American Political Science Review.

[16]  M. Arellano,et al.  Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations , 1991 .

[17]  K. McNamara.  The Currency of Ideas: Monetary Politics in the European Union , 1997 .

[18]  R. Bates,et al.  A Note on Taxation, Development, and Representative Government , 1985 .

[19]  Kenneth S. Rogoff,et al.  Equilibrium Political Budget Cycles , 1987 .

[20]  C. Lindblom,et al.  Politics And Markets: The World's Political-economic Systems , 1977 .

[21]  Erik Wibbels,et al.  Globalization, Taxation, and Burden-Shifting in Latin America , 2003, International Organization.

[22]  J. Vreeland.  The IMF and Economic Development , 2003 .

[23]  A. Dreher.  IMF and Economic Growth: The Effects of Programs, Loans, and Compliance with Conditionality , 2005 .

[24]  Paulette Kurzer.  Business and Banking: Political Change and Economic Integration in Western Europe , 1993 .

[25]  Michael Tomz,et al.  Reputation and International Cooperation: Sovereign Debt Across Three Centuries , 2007 .

[26]  P. Cerny.  Globalization and the changing logic of collective action , 1995, International Organization.

[27]  Rogério Studart,et al.  Finance for Development: Latin America in Comparative Perspective , 2006 .

[28]  María González.  Do Changes in Democracy Affect the Political Budget Cycle? Evidence from Mexico , 2002 .

[29]  Roberto Perotti,et al.  Fiscal Policy in Latin America , 1997, NBER Macroeconomics Annual.

[30]  R. Dahl.  Polyarchy; participation and opposition , 1971 .

[31]  M. Friedman.  THE ROLE OF MONETARY POLICY , 1995 .

[32]  David H. Bearce.  Societal Preferences, Partisan Agents, and Monetary Policy Outcomes , 2003, International Organization.

[33]  Dani Rodrik,et al.  Has Globalization Gone Too Far , 1997 .

[34]  Allan Drazen,et al.  Political Budget Cycles in New Versus Established Democracies , 2004 .

[35]  J. Ruggie.  International regimes, transactions, and change: embedded liberalism in the postwar economic order , 1982, International Organization.

[36]  L. Pauly.  Who Elected the Bankers?: Surveillance and Control in the World Economy , 1997 .

[37]  T. Dunning.  Crude Democracy: Natural Resource Wealth and Political Regimes , 2008 .

[38]  S. Block.  Political business cycles, democratization, and economic reform: the case of Africa , 2002 .

[39]  Paul M. Vaaler,et al.  Elections, Opportunism, Partisanship and Sovereign Ratings in Developing Countries , 2006 .

[40]  Nita Rudra.  Globalization and the Decline of the Welfare State in Less-Developed Countries , 2002, International Organization.

[41]  Kenneth F. Scheve.  Public Inflation Aversion and the Political Economy of Macroeconomic Policymaking , 2004, International Organization.

[42]  R. Barro,et al.  A Positive Theory of Monetary Policy in a Natural Rate Model , 1981, Journal of Political Economy.

[43]  J. Frieden.  Invested interests: the politics of national economic policies in a world of global finance , 1991, International Organization.

[44]  Erik Wibbels.  Dependency Revisited: International Markets, Business Cycles, and Social Spending in the Developing World , 2006, International Organization.

[45]  G. Calvo,et al.  Capital Flows and Capital-Market Crises: The Simple Economics of Sudden Stops , 1998 .

[46]  Carles Boix,et al.  Democracy and redistribution , 2003 .

[47]  H. Milner,et al.  Internationalization and Domestic Politics: An Introduction , 1996 .

[48]  Sophie Meunier,et al.  Business as Usual? Economic Responses to Political Tensions , 2011 .

[49]  Paul M. Vaaler,et al.  The price of democracy: sovereign risk ratings, bond spreads and political business cycles in developing countries , 2004 .

[50]  A. Cukierman,et al.  Measuring the Independence of Central Banks and Its Effect on Policy Outcomes , 1992 .

[51]  J. Sachs.  Social Conflict and Populist Policies in Latin America , 1989 .

[52]  L. Mosley.  Global Capital and National Governments , 2003 .

[53]  Michael E. Alvarez,et al.  Democracy and Development: Political Institutions and Well-Being in the World, 1950–1990 , 2000 .

[54]  J. Park,et al.  Electoral Business Cycles in OECD Countries , 2012, American Political Science Review.

[55]  J. Broz,et al.  The Political Economy of Monetary Institutions , 2002, International Organization.

[56]  Edward R. Tufte,et al.  Political Control of the Economy , 1979 .

[57]  David Leblang.  The Political Economy of Speculative Attacks in the Developing World , 2002 .

[58]  Alan M. Taylor,et al.  Global Capital Markets: Integration, Crisis, and Growth , 2004 .

[59]  R. Barro.  Determinants of Economic Growth: A Cross-Country Empirical Study , 1996 .

[60]  Ramesh Mishra,et al.  Globalization and the Welfare State , 1999 .

[61]  R. Kaufman,et al.  The Political Economy of Latin American Populism , 1991 .

[62]  P. Navarra,et al.  Local Pork-Barrel Politics in National Pre-Election Dates: The Case of Italy , 2001 .

[63]  Milton Friedman,et al.  A Theoretical Framework for Monetary Analysis , 1970, Journal of Political Economy.

[64]  William T. Bernhard,et al.  The Politics of Speculative Attacks in Industrial Democracies , 2000, International Organization.

[65]  G. Garrett,et al.  Partisan Politics in the Global Economy , 1998 .

[66]  Ernesto H. Stein,et al.  The currency game : exchange rate politics in Latin America , 2001 .

[67]  John Goodman,et al.  The Obsolescence of Capital Controls?: Economic Management in an Age of Global Markets , 1993, World Politics.

[68]  L. Mosley.  Room to Move: International Financial Markets and National Welfare States , 2000, International Organization.

[69]  G. Garrett.  Global Markets and National Politics: Collision Course or Virtuous Circle? , 1998, International Organization.

[70]  S. Maxfield,et al.  Gatekeepers of Growth: The International Political Economy of Central Banking in Developing Countries , 1998 .

[71]  Strom C. Thacker,et al.  The High Politics of IMF Lending , 1999, World Politics.

[72]  T. Dunning.  Crude Democracy: Crude Democracy: Natural Resource Wealth and Political Regimes Cambridge , 2008 .

[73]  Davida Singer,et al.  Exchange Rate Proclamations and Inflation-Fighting Credibility , 2009, International Organization.