The perils of international capital
Author(s)
Bibliographic Information
The perils of international capital
Cambridge University Press, 2020
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Note
Includes bibliographical references (p. 167-180) and index
Description and Table of Contents
Description
Can foreign capital empower dictatorship? This groundbreaking book develops a unified theory that links three prominent forms of international capital to the endurance of dictatorships. International capital empowers governments to finance two key instruments of non-democratic politics: repression and patronage. The Perils of International Capital uses theory, case studies, and cross-national statistical evidence to demonstrate causal effects between foreign capital and authoritarian politics. These finding are crucial to scholars and policymakers alike, as they call for a recalibration of the welfare effects associated with greater financial globalization. Ahmed reveals that, while foreign capital may improve economic development, it can tragically hinder democratic governance in the process.
Table of Contents
- 1. The politics of international capital
- 2. International capital and authoritarian survival: a descriptive overview
- 3. Foreign rents and rule
- 4. Aiding repression
- 5. Remittances and autocratic power
- 6. Foreign investments in militarism
- 7. Conclusion.
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