Part I. Building Open Economy Coalitions: 1. Optimal use of pork, policy, and institutional reforms -- Part II. Empirical Evidence: 2. Use of pork as side-payment; 3. Pro-loser policy during hard times; 4. Helping co-partisan legistrators survive elections: use of institutional reforms; 5. Japanese legislators in rival regions; 6. Thai legislators' position-taking on foreign retail investment -- Part III. Discussion: 7. The political Foundations of an Open Economy: discussion.
Summary:
"What accounts for the large reduction in trade barriers among new democracies in Asia after World War II? Using new data from Japan and Thailand, this book provides a surprising answer: politicians, especially party leaders, liberalized trade by buying off legislative support with side-payments such as pork barrel projects. Trade liberalization was a legislative triumph, not an executive achievement. This finding challenges the conventional "insulation" argument, which posits that insulating executives from special interest groups and voters is the key to successful trade liberalization. By contrast, this book demonstrates that party leaders built open economy coalitions with legislators by feeding legislators' rent-seeking desires with side-payments rather than depriving their appetites. This book unravels the political foundations of open economy"-- Provided by publisher.
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.