Cover, Title Page, Copyright

pdf iconDownload PDF
 

Contents

pdf iconDownload PDF

pp. vii-viii

read more

Acknowledgments

pdf iconDownload PDF

pp. ix-x

I have incurred many debts and am grateful to many individuals and institutions for their support in helping me bring this work to completion. Heartfelt thanks for a good everyday working spirit to Riordan Roett and my other colleagues in the Latin American Studies Program...

read more

INTRODUCTION: Institutions, Interests, and Ideas in Explaining Regime Change

pdf iconDownload PDF

pp. 1-13

The “creative destruction”1 brought about by financial shocks and economic crises, although a means through which capitalism reinvigorates itself periodically, is both unsettling and challenging politically.2 This is true regardless of the type of political regime in place when a country finds itself in the throes of...

read more

1. Financial Shocks, Economic Crises, and Democracy: Theory and Practice

pdf iconDownload PDF

pp. 14-44

Financial shocks and economic crises can be studied from different scholarly perspectives and the choice of methodology helps to define the types of questions and the level of detail contained in any analysis. I deploy a comparative historical analysis based on middle- range generalizations, which are anchored...

PART I: Great Depression, 1929–34

pdf iconDownload PDF

pp. 45-116

read more

2. Economic Crisis and Democracy during the Great Depression

pdf iconDownload PDF

pp. 47-54

While the earth- shattering events of the Great Depression form the basis for my examination of the effects of financial shocks and economic crises on democracy in the Southern Cone countries, it’s useful to take a brief look at what was happening before then...

read more

3. Institutions: Polarized Domestic Conflicts and Weak International Capacity

pdf iconDownload PDF

pp. 55-77

When the 1929 financial crisis struck, Chile was ruled by an authoritarian regime under Colonel/General Carlos Ibáñez (1927– 31),1 while Argentina and Uruguay were ruled by democratic regimes since 1916 and 1918, respectively. The inability of these governments to cope with the severity of the...

read more

4. Interests: Foreign Capital and Domestic Coalitions against Democracy

pdf iconDownload PDF

pp. 78-94

The second factor to examine is the way international and domestic interests raised or lowered the likelihood that actors organized and exercised pressures in favor of and against democracy during the Great Depression in the Southern Cone countries. My comparative historical...

read more

5. Ideas: Extreme Ideological Conflict and Rise of the State in the Economy

pdf iconDownload PDF

pp. 95-116

Let us now turn to the third of my three pillars— political ideologies and economic ideas and policy— to ascertain how they affected the costs of organizing and exercising pressures for and against democracy in the Southern Cone countries during the Great...

PART II: Economic Crises and Democracy in the Late Twentieth Century

read more

6. 1982 Debt Crisis and 1997–2002 Emerging Markets Crises

pdf iconDownload PDF

pp. 119-133

The Bretton Woods system delivered relative international financial stability between the aftermath of the Second World War and 1971. The system’s anchor was pegging member countries’ currencies to the US dollar, which was credible, given the free convertibility of dollars...

read more

7. Institutions: Demise of Military-as-Government and Higher Costs for Action

pdf iconDownload PDF

pp. 134-164

The Great Depression led to the breakdown of the existing regimes in the three Southern Cone countries. What was different about the situation in and effects of the 1982 and 1997– 2002 crises that allowed democracy to eventually...

read more

8. Interests: Capital Flight, Pressures from Below, and Democracy

pdf iconDownload PDF

pp. 165-190

In analyzing the relative costs of pressures in favor of and against democracy, a key change in international and domestic interests in the Southern Cone countries led to mixed outcomes, particularly given the different fate of pressures from below in Chile during the external debt...

read more

9. Ideas: Cold War Endgame, Unipolar Moment, and Neoliberalism

pdf iconDownload PDF

pp. 191-210

Just as the rise in liquid- based wealth since the 1970s– 80s has helped to lower the pressure against democracy by foreign and domestic capitalists, changes in the realm of ideas— political ideologies, and economic ideas and policy— since the Cold War ended have reduced the stakes...

read more

Conclusion: Implications for Democracy after the 2008–9 Financial Meltdown

pdf iconDownload PDF

pp. 211-239

The proliferation of analyses, speeches, and news reports using the Great Depression as a point of reference in understanding the magnitude and potential destruction that the financial global busts of 2008– 9 (the Great Recession) might have led to should not surprise anyone...

Notes

pdf iconDownload PDF

pp. 241-259

Bibliography

pdf iconDownload PDF

pp. 261-272

Index

pdf iconDownload PDF

pp. 273-281