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- DescriptionThis book takes a powerful new approach to a question central to comparative politics and ecomics: Why do some leaders of fragile democracies attain political success--culminating in reelection victories--when pursuing drastic, painful ecomic reforms while others see their political careers implode? Kurt Weyland examines, in particular, the surprising willingness of presidents in four Latin American countries to enact daring reforms and the unexpected resultant popular support. He argues that only with the robust cognitive-psychological insights of prospect theory can one fully account for the twists and turns of politics and ecomic policy in Argentina, Brazil, Peru, and Venezuela during the 1980s and 1990s. Assessing conventional approaches such as rational choice, Weyland concludes that prospect theory is vital to any systematic attempt to understand the politics of market reform. Under this theory, if actors perceive themselves to be in a losing situation they are inclined toward risks; if they see a winning situation around them, they prefer caution. In Latin America, Weyland finds, where the public faced an open crisis it backed draconian reforms. And where such reforms yielded an apparent ecomic recovery, many citizens and their leaders perceived prospects of gains. Successful leaders thus won reelection and the new market model achieved political sustainability. Weyland concludes this accessible book by considering when his vel approach can be used to study crises generally and how it might be applied to a wider range of cases from Latin America, Africa, and Eastern Europe.
- Author BiographyKurt Weyland is Associate Professor of Government at the University of Texas at Austin. He is the author of Democracy without Equity: Failures of Reform in Brazil .
- PrizesShortlisted for Choice Magazine Outstanding Reference/Academic Book Award 2003.
- Author(s)Kurt Weyland
- PublisherPrinceton University Press
- Date of Publication05/04/2004
- SubjectEconomics: Professional & General
- Place of PublicationNew Jersey
- Country of PublicationUnited States
- ImprintPrinceton University Press
- Content Note10 line illus. 2 tables.
- Weight542 g
- Width152 mm
- Height229 mm
- Spine20 mm
- Format DetailsTrade paperback (US)
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