UID:
almahu_9947413984402882
Format:
1 online resource (xvi, 213 pages) :
,
digital, PDF file(s).
ISBN:
9781139583435 (ebook)
Content:
What accounts for the large reduction in trade barriers among new democracies in Asia after World War II? Using new data from Japan and Thailand, this book provides a surprising answer: politicians, especially party leaders, liberalized trade by buying off legislative support with side-payments such as pork barrel projects. Trade liberalization was a legislative triumph, not an executive achievement. This finding challenges the conventional 'insulation' argument, which posits that insulating executives from special interest groups and voters is the key to successful trade liberalization. By contrast, this book demonstrates that party leaders built open economy coalitions with legislators by feeding legislators' rent-seeking desires with side-payments rather than depriving their appetites. This book unravels the political foundations of open economy.
Note:
Title from publisher's bibliographic system (viewed on 05 Oct 2015).
,
Part I. Building Open Economy Coalitions: 1. Optimal use of pork, policy, and institutional reforms -- Part II. Empirical Evidence: 2. Use of pork as side-payment; 3. Pro-loser policy during hard times; 4. Helping co-partisan legistrators survive elections: use of institutional reforms; 5. Japanese legislators in rival regions; 6. Thai legislators' position-taking on foreign retail investment -- Part III. Discussion: 7. The political Foundations of an Open Economy: discussion.
Additional Edition:
Print version: ISBN 9781107037038
Language:
English
URL:
https://doi.org/10.1017/CBO9781139583435
URL:
Volltext
(lizenzpflichtig)
