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Palgrave Macmillan

Political Credibility and Economic Development

  • Book
  • © 1995

Overview

Authors:
  1. Silvio Borner
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  2. Aymo Brunetti
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  3. Beatrice Weder
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Table of contents (7 chapters)

  1. Front Matter

    Pages i-xiv
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  2. The Effects of Political Credibility on Growth: Theory and Empirical Evidence

    1. Front Matter

      Pages 1-1
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    2. Catching Up or Falling Behind?

      • Silvio Borner, Aymo Brunetti, Beatrice Weder
      Pages 3-15

    3. Political Credibility: A Crucial Factor for Growth

      • Silvio Borner, Aymo Brunetti, Beatrice Weder
      Pages 16-36

    4. Measuring Political Credibility

      • Silvio Borner, Aymo Brunetti, Beatrice Weder
      Pages 37-61

    5. Political Credibility and Economic Growth: The Empirical Evidence

      • Silvio Borner, Aymo Brunetti, Beatrice Weder
      Pages 62-71

  3. The Sources of Political Credibility

    1. Front Matter

      Pages 73-73
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    2. Explaining Political Credibility: Conceptual Foundations

      • Silvio Borner, Aymo Brunetti, Beatrice Weder
      Pages 75-104

    3. Sources of Political Credibility in Ten Countries

      • Silvio Borner, Aymo Brunetti, Beatrice Weder
      Pages 105-148

    4. Implications for Policy Reform

      • Silvio Borner, Aymo Brunetti, Beatrice Weder
      Pages 149-168

  4. Back Matter

    Pages 169-216
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Keywords

About this book

Why have the economies of some developing countries fallen back while others have advanced? Why have so many stabilization and structural adjustment programs failed to deliver growth dividends? This book shows that there is a common and valid answer: political credibility defined as the predictability of the institutional rules of the game. This case is not only argued theoretically but also found to be confirmed by empirical analysis. Ten case studies pitting Latin American countries against Southeast Asian ones reveal the sources of political credibility. Economic openness is the necessary precondition, long-term reputation or democratic participation the sufficient one. Despite the seemingly superior strength of authoritarian reputation democratic control is the more successful road.

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