Neoliberalism, Accountability, and Reform Failures in Emerging Markets: Eastern Europe, Russia, Argentina, and Chile in Comparative Perspective
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...
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| Format: | Elektronisch E-Book |
| Sprache: | English |
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University Park, PA
Penn State University Press
[2021]
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| Online-Zugang: | FAB01 FAW01 FCO01 FHA01 FKE01 FLA01 UPA01 UBG01 URL des Erstveröffentlichers |
| Zusammenfassung: | 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 |
| Beschreibung: | Description based on online resource; title from PDF title page (publisher's Web site, viewed 26. Mai 2021) |
| Beschreibung: | 1 Online-Ressource (312 Seiten) |
| ISBN: | 9780271062839 |
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| spelling | Manzetti, Luigi Verfasser aut Neoliberalism, Accountability, and Reform Failures in Emerging Markets Eastern Europe, Russia, Argentina, and Chile in Comparative Perspective Luigi Manzetti University Park, PA Penn State University Press [2021] © 2009 1 Online-Ressource (312 Seiten) txt rdacontent c rdamedia cr rdacarrier Description based on online resource; title from PDF title page (publisher's Web site, viewed 26. Mai 2021) 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 In English POLITICAL SCIENCE / Comparative Politics bisacsh Government accountability Developing countries Neoliberalism Developing countries Structural adjustment (Economic policy) Developing countries https://www.degruyter.com/isbn/9780271062839 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Manzetti, Luigi Neoliberalism, Accountability, and Reform Failures in Emerging Markets Eastern Europe, Russia, Argentina, and Chile in Comparative Perspective POLITICAL SCIENCE / Comparative Politics bisacsh Government accountability Developing countries Neoliberalism Developing countries Structural adjustment (Economic policy) Developing countries |
| title | Neoliberalism, Accountability, and Reform Failures in Emerging Markets Eastern Europe, Russia, Argentina, and Chile in Comparative Perspective |
| title_auth | Neoliberalism, Accountability, and Reform Failures in Emerging Markets Eastern Europe, Russia, Argentina, and Chile in Comparative Perspective |
| title_exact_search | Neoliberalism, Accountability, and Reform Failures in Emerging Markets Eastern Europe, Russia, Argentina, and Chile in Comparative Perspective |
| title_exact_search_txtP | Neoliberalism, Accountability, and Reform Failures in Emerging Markets Eastern Europe, Russia, Argentina, and Chile in Comparative Perspective |
| title_full | Neoliberalism, Accountability, and Reform Failures in Emerging Markets Eastern Europe, Russia, Argentina, and Chile in Comparative Perspective Luigi Manzetti |
| title_fullStr | Neoliberalism, Accountability, and Reform Failures in Emerging Markets Eastern Europe, Russia, Argentina, and Chile in Comparative Perspective Luigi Manzetti |
| title_full_unstemmed | Neoliberalism, Accountability, and Reform Failures in Emerging Markets Eastern Europe, Russia, Argentina, and Chile in Comparative Perspective Luigi Manzetti |
| title_short | Neoliberalism, Accountability, and Reform Failures in Emerging Markets |
| title_sort | neoliberalism accountability and reform failures in emerging markets eastern europe russia argentina and chile in comparative perspective |
| title_sub | Eastern Europe, Russia, Argentina, and Chile in Comparative Perspective |
| topic | POLITICAL SCIENCE / Comparative Politics bisacsh Government accountability Developing countries Neoliberalism Developing countries Structural adjustment (Economic policy) Developing countries |
| topic_facet | POLITICAL SCIENCE / Comparative Politics Government accountability Developing countries Neoliberalism Developing countries Structural adjustment (Economic policy) Developing countries |
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