Financial Globalization and Democracy in Emerging Markets (International Political Economy)

By admin • Jul 21st, 2008 • Category: Economics

Financial Globalization and Democracy in Emerging Markets (International Political Economy)

Financial Globalization and Democracy in Emerging Markets (International Political Economy)
By Leslie Elliott Armijo

Publisher: Palgrave Macmillan
Number Of Pages: 370
Publication Date: 2001-06-02
ISBN-10 / ASIN: 0333930673
ISBN-13 / EAN: 9780333930670
Binding: Paperback

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 normally 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.” Financial Globalization and Democracy in Emerging Markets examines the impact of the new, highly liquid, portfolio capital flows on governments, opposition politicians, business, and labor in such emerging market countries as Mexico, Brazil, Russia, India, Vietnam, Thailand, and Indonesia.

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