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008 050826s2005 xx ||||gr |0|| 0 eng d
100 1 _aWAY, Christopher R
_916625
245 1 0 _aPolitical insecurity and the diffusion of financial market regulation
260 _aThousand Oaks :
_bSAGE,
_cMarch 2005
520 3 _aExplanations for the international apread of financial market liberalization have emphasized either "topdown" mechanisms (globalization, pressure from international organizations and the United States) or "botm-up" mechanisms focusing on domestic coalitions (derived from configurations of economic interests). In contrast to these broadly structural approaches that deemphasize the coices of individuals, this article focuses on the incentives facing office-mechanisms of diffusion by emphasizing the incentives facing office-seeeking leaders. It argues that politically insecure leaders are potent agents of diffusion because they are particulary likely to "learn" the lessons of financial market reform an emulate the liberalizing practices of others for two reasons. First, the hefty economic boom often associated with financial liberalization provides a tempting way to buttress their near-term grip on power. As they observe other nations in their region experiencing a boom, leaders fearful of losing office will jump on the liberalization bandwagon, accelerating regional reform cascades. Second, insecure governments may be particularly susceptible to pressure from international organizations: They have motivated biases to bellieve the efficiency claims of liberalizers and strong reasons to seek approval for their policies.
773 0 8 _tThe Annals of The American Academy of Political and Social Science
_g598, p. 125-144
_dThousand Oaks : SAGE, March 2005
_xISSN 00027162
_w
942 _cS
998 _a20050826
_b1711^b
_cAnaluiza
998 _a20100803
_b1033^b
_cCarolina
999 _aConvertido do Formato PHL
_bPHL2MARC21 1.1
_c13434
_d13434
041 _aeng