Neoliberalism, Accountability, and Reform Failures in Emerging Markets: Eastern Europe, Russia, Argentina, and Chile in Comparative Perspective

Manzetti, Luigi

Editore: Penn State University Press, 2010
ISBN 10: 0271035749 / ISBN 13: 9780271035741
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Riassunto:

The agenda of neoliberal market reform known as the Washington Consensus, which was meant to turn around the economies of developing and postcommunist countries and provide the bedrock of economic success on which stable democracies could be built, has largely proved to be a failure, with Russia and many Latin American countries like Argentina left in severe economic crisis by the end of the 1990s.

Some proponents of neoliberal reform, such as Anne Krueger, have attributed this failure to the piecemeal and incomplete implementation of reform measures, while others, including Nobel Prize economist and former World Bank vice president Joseph Stiglitz, have pointed to technical flaws in the policies. While both of these assessments focus narrowly on economic factors, Luigi Manzetti highlights the crucial importance of political institutions and processes to a fully adequate explanation. His argument is that the ideology of neoliberal reform, rooted in the theories of Friedrich von Hayek and Milton Friedman, assumed political checks and balances that did not exist in many of these countries undergoing market reform, and that only by taking political accountability as an influential variable in the equation for success can we really understand what happened. Where accountability was weak, patterns of corruption, collusion, and patronage worked to undermine the intended aims of market reform. Manzetti uses both large N statistical analyses and small N case studies (of Argentina, Chile, and Russia) to provide empirical evidence for his argument.

L'autore:

Luigi Manzetti is Associate Professor of Political Science at Southern Methodist University.

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Titolo: Neoliberalism, Accountability, and Reform ...
Casa editrice: Penn State University Press
Data di pubblicazione: 2010
Condizione libro: very good

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Manzetti, Luigi
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Descrizione libro Pennsylvania State University Press, 2010. Hardcover. Condizione libro: Used: Very Good. HARDCOVER. Small ink stamp and number on front fly leaf; otherwise Like New! ; 1 x 9.1 x 6.3 Inches; 264 pages. Orders will be mailed either on the day ordered or the next business day. Expedited shipping available. Codice libro della libreria 9908

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Descrizione libro Pennsylvania State University Press. Hardback. Condizione libro: new. BRAND NEW, Neoliberalism, Accountability, and Reform Failures in Emerging Markets: Eastern Europe, Russia, Argentina, and Chile in Comparative Perspective, Luigi Manzetti, The agenda of neoliberal market reform known as the Washington Consensus, which was meant to turn around the economies of developing and post-Communist countries and provide the bedrock of economic success on which stable democracies could be built, has largely proved to be a failure, with Russia and many Latin American countries like Argentina left in severe economic crisis by the end of the 1990s. Some proponents of neoliberal reform, such as Anne Krueger, have attributed this failure to the piecemeal and incomplete implementation of reform measures, while others, including Nobel Prize economist and former World Bank vice president Joseph Stiglitz, have pointed to technical flaws in the policies as the reason for failure. With both of these assessments focused narrowly on economic factors, Luigi Manzetti wants to highlight the crucial importance of political institutions and processes to a fully adequate explanation. His argument is that the ideology of neoliberal reform, rooted in the theories of Friedrich von Hayek and Milton Friedman, assumed political checks and balances that did not exist in many of these countries undergoing market reform, and that only by taking political accountability as an influential variable in the equation for success can we really understand what happened. Where accountability was weak, patterns of corruption, collusion, and patronage worked to undermine the intended aims of market reform. Manzetti uses both large-n statistical analyses and small-n case studies (of Argentina, Chile, and Russia) to provide empirical evidence for his argument. Codice libro della libreria B9780271035741

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Descrizione libro 2010. HRD. Condizione libro: New. New Book. Shipped from US within 10 to 14 business days. Established seller since 2000. Codice libro della libreria KS-9780271035741

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Descrizione libro Pennsylvania State Univ Pr, 2010. Hardcover. Condizione libro: Brand New. 295 pages. 9.50x6.50x1.00 inches. In Stock. Codice libro della libreria __0271035749

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Luigi Manzetti
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Descrizione libro Pennsylvania State University Press, United States, 2010. Hardback. Condizione libro: New. 231 x 160 mm. Language: English . Brand New Book. The agenda of neoliberal market reform known as the Washington Consensus, which was meant to turn around the economies of developing and postcommunist countries and provide the bedrock of economic success on which stable democracies could be built, has largely proved to be a failure, with Russia and many Latin American countries like Argentina left in severe economic crisis by the end of the 1990s. Some proponents of neoliberal reform, such as Anne Krueger, have attributed this failure to the piecemeal and incomplete implementation of reform measures, while others, including Nobel Prize economist and former World Bank vice president Joseph Stiglitz, have pointed to technical flaws in the policies. While both of these assessments focus narrowly on economic factors, Luigi Manzetti highlights the crucial importance of political institutions and processes to a fully adequate explanation. His argument is that the ideology of neoliberal reform, rooted in the theories of Friedrich von Hayek and Milton Friedman, assumed political checks and balances that did not exist in many of these countries undergoing market reform, and that only by taking political accountability as an influential variable in the equation for success can we really understand what happened. Where accountability was weak, patterns of corruption, collusion, and patronage worked to undermine the intended aims of market reform. Manzetti uses both large N statistical analyses and small N case studies (of Argentina, Chile, and Russia) to provide empirical evidence for his argument. Codice libro della libreria AAS9780271035741

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