(Download) "Bucking the Trend: Democracy and Economic Reform (After Empire: SOVIET LEGACIES)" by Harvard International Review " eBook PDF Kindle ePub Free
eBook details
- Title: Bucking the Trend: Democracy and Economic Reform (After Empire: SOVIET LEGACIES)
- Author : Harvard International Review
- Release Date : January 22, 2006
- Genre: Business & Personal Finance,Books,
- Pages : * pages
- Size : 259 KB
Description
At the start of transition from communist rule, skepticism reigned about the possibility of introducing markets and democracy simultaneously. Drawing on the recent experience of Latin America, many expected economic reforms to impose unbearable costs on society. Furthermore, if given the opportunity to vote, the public would likely register its discontent by reversing economic reforms at the first opportunity. Conventional scholarly wisdom suggested that governments needed to insulate leaders from popular pressures to withstand the inevitable backlash of popular opposition produced by economic reform. New York University political scientist Adam Przeworski's insightful book Democracy and the Market predicted that economic reforms introduced in the nascent democracies of the region would produce a pendulum swing between populist policies that undermined the economy and harsh economic reforms that undermined democracy. Even optimists who expected democracy and markets to be compatible in the long-run, such as economists Jeffrey Sachs and David Lipton, favored concentrating power in the hands of elected leaders to allow them to make quick decisions and to ward off popular demands to change course in the short-run. [ILLUSTRATION OMITTED]
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