The Perils of International Capital

By Faisal Z. Ahmed

Book Overview

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.

• Format: Paperback
• Language: English
• ISBN: 1108726852
• ISBN13: 9781108726856
• Release Date: February 2020
• Publisher: Cambridge University Press
• Length: 198 Pages
• Weight: 0.60 lbs.
• Dimensions: 0.4" x 5.9" x 8.8"