The Politics of Finance in Developing Countries

by Stephan Haggard, Chung H. Lee

Historically, developing countries have been deeply involved in the allocation of financial resources. Yet despite the growing interest in the role of finance in economic development, relatively little attention has been paid to the political dimensions of credit allocation. This collection of ten original essays explores the politics of finance in eight East Asian and Latin American Korea, Taiwan, Thailand, Indonesia, the Philippines, Chile, Mexico, and Brazil. The essays examine the political and institutional factors that influence the initiation and efficiency of preferential credit policies, as well as the politics of financial market liberalization. The book has implications not only for finance, but for the political economy of growth in East Asia and Latin America and the prospects for effective industrial policies.

Hardcover