Freedom and Finance: Democratization and Institutional Investors in Developing Countries

By Mary Ann Haley

Within a decade, private capital surpassed aid as the primary capital source for developing countries. This book explores how the increase of private funds, in particular portfolio capital, effects democratization in developing countries. A probe into institutional investors' coordination, asset concentration, political preferences, and activism, provides a framework for understanding the politics of international financial constraints. Highlighting the dilemma presented by international finance's simultaneous emphasis on austerity and stability, the question of whether this public-to-private shift might facilitate an anti-democratic strain is examined.

• Format: Hardcover
• Language: English
• ISBN: 0333914481
• ISBN13: 9780333914489
• Release Date: June 2001
• Publisher: Palgrave MacMillan
• Length: 200 Pages
• Weight: 0.97 lbs.
• Dimensions: 0.8" x 5.7" x 8.9"