Financial Globalization and Democracy in Emerging Markets

Cover......Page 1
Contents......Page 6
List of Tables......Page 8
List of Figures......Page 9
Notes on the Contributors......Page 10
Foreword......Page 12
Preface to the Paperback Edition......Page 14
List of Abbreviations......Page 19
Introduction and Overview......Page 24
Part I Democracy and the Evolution of Global Capital Markets......Page 38
1 Mixed Blessing: Expectations about Foreign Capital Flows and Democracy in Emerging Markets......Page 40
2 Capital Flows to Developing Economies throughout the Twentieth Century......Page 74
3 Emerging Market Makers: The Power of Institutional Investors......Page 97
4 The Transnational Agenda for Financial Regulation in Developing Countries......Page 114
Part II Country Cases......Page 138
5 Mexico: The Trajectory to the 1994 Devaluation......Page 140
6 Mexico: Foreign Investment and Democracy......Page 156
7 Brazil: Short Foreign Money, Long Domestic Political Cycles......Page 174
8 Russia: The IMF, Private Finance, and External Constraints on a Fragile Polity......Page 200
9 India: Financial Globalization, Liberal Norms, and the Ambiguities of Democracy......Page 230
10 Indonesia: On the Mostly Negative Role of Transnational Capital in Democratization......Page 256
11 Vietnam and Foreign Direct Investment: Speeding Economic Transition or Prolonging the Twilight Zone?......Page 274
12 Thailand: What Goes Up…......Page 299
Part III Conclusions......Page 322
13 Tequila versus the Dragon: Comparing the Crises in Mexico and Thailand......Page 324
14 Mixed Blessing: Preliminary Conclusions......Page 332
B......Page 360
C......Page 361
D......Page 362
F......Page 363
I......Page 364
M......Page 366
P......Page 367
S......Page 369
U......Page 370
Z......Page 371