Includes bibliographical references (pages 245-267) and index.
Contents:
Explaining variation in borrowing portfolios -- How governments choose their creditors -- Qualitative evidence. Tracing the process of borrowing with fieldwork -- Ecuador: a corporatist coalition chooses BRIC loans -- Colombia: a capital coalition prefers private creditors -- Peru: a consumer coalition wants Western creditors -- Quantitative evidence. Generalizing the findings with statistical analyses -- Measuring borrowing portfolios and group strength -- Governments' borrowing decisions across the developing world -- Evaluating alternative explanations ; Why greater choice matters for developing countries.
Summary:
Why do some governments borrow from China, while others borrow from the United States or the International Monetary Fund (IMF)? This book systematically explains how governments choose among competing loan offers. As the strings attached to loans vary across creditors, domestic interest groups prefer one type of creditor to the other. However, interest groups disagree about which creditor is preferable. Governments cater to whichever domestic interest group coalition is dominant by borrowing from the coalition's preferred creditor. Combining a comparative politics approach with international political economy methods, Raise the Debt shows how a deeper understanding of governments' borrowing decisions is critical for gaining insights into how these loans could impact growth and democracy on a global scale.
This resource is supported by the Institute of Museum and Library Services under the provisions of the Library Services and Technology Act as administered by State Library of Iowa.