The Perils of International Capital

Author : Faisal Z. Ahmed (Princeton University, New Jersey)

Paperback

Published : Thursday 19 December 2019

ISBN : 9781108726856

Price : €26.90

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The Perils of International Capital

by Faisal Z. Ahmed (Princeton University, New Jersey)

Paperback

19 Dec 2019

POLITICAL SCIENCE
>> Political Economy

€26.90

Extended stock – Dispatch 5-7 days

Description

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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