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Palgrave Macmillan

Financial Globalization and Democracy in Emerging Markets

  • Book
  • © 2001

Overview

Editors:
  1. Leslie Elliott Armijo

    1. Reed College, Portland, USA

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Part of the book series: International Political Economy Series (IPES)

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Table of contents (15 chapters)

  1. Front Matter

    Pages i-xxii
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  2. Introduction and Overview

    1. Introduction and Overview

      • Leslie Elliott Armijo
      Pages 1-14

  4. Country Cases

    1. Front Matter

      Pages 115-115
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    2. Mexico: The Trajectory to the 1994 Devaluation

      • William C. Gruben
      Pages 117-132

    3. Mexico: Foreign Investment and Democracy

      • Carlos Elizondo Mayer-Serra
      Pages 133-150

    4. Brazil: Short Foreign Money, Long Domestic Political Cycles

      • Peter R. Kingstone
      Pages 151-176

    5. Russia: The IMF, Private Finance, and External Constraints on a Fragile Polity

      • Randall W. Stone
      Pages 177-206

    6. India: Financial Globalization, Liberal Norms, and the Ambiguities of Democracy

      • John Echeverri-Gent
      Pages 207-232

    7. Indonesia: On the Mostly Negative Role of Transnational Capital in Democratization

      • Jeffrey A. Winters
      Pages 233-250

    8. Vietnam and Foreign Direct Investment: Speeding Economic Transition or Prolonging the Twilight Zone?

      • Jonathan Haughton
      Pages 251-275

    9. Thailand: What Goes Up…

      • Danny Unger
      Pages 276-297

  5. Conclusions

    1. Front Matter

      Pages 299-299
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    2. Tequila versus the Dragon: Comparing the Crises in Mexico and Thailand

      • Walter Molano
      Pages 301-308

    3. Mixed Blessing: Preliminary Conclusions

      • Leslie Elliott Armijo
      Pages 309-335

  6. Back Matter

    Pages 337-348
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Keywords

About this book

When Mexico's peso crisis occurred in December 1994, all of Latin America experienced the 'tequila effect'. In January 1998, after seven months of financial turmoil in East Asia, Alan Greenspan, the usually reticent Chairman of the US Federal Reserve Bank, noted that such 'vicious cycles...may, in fact, be a defining characteristic of the new high-tech international financial system'. This book examines the impact of the new, highly liquid portfolio capital flows on governments, opposition, politicians, business and the workforce in such emerging market countries as Mexico, Brazil, Russia, Indonesia, Vietnam, Thailand and Indonesia. Hailed as 'exemplary and innovative', 'fine-grained and accessible' and 'a must read', this collection of original essays in newly available in paperback.

Editors and Affiliations

  • Reed College, Portland, USA

    Leslie Elliott Armijo

About the editor

LESLIE ELLIOTT ARMIJO is Visiting Scholar, Reed College, Oregon, USA. She has published numerous articles on the interaction of democratization and economic liberalization in developing and transitional countries, the game of inflation in Brazil, and the politics of privatization and market-oriented economic reforms in South America, Mexico, and India.

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