The Perils of International Capital

Bibliographic Data

ID23768596
AuthorsFaisal Z Ahmed (0000-0001-5081-4940, Princeton University, corresponding author)
Year2019
Publication date2019-12-31
Open AccessYes
TypeBOOK
VenuePerils of International Capital (SOURCE_BOOK)
PublisherCambridge University Press (PUBLISHER • US)
DOI10.1017/9781108771146
OpenAlexW2994886838
Open LibraryOL34750762M
ISBN9781108771146
LanguageEN
Citations received4
References cited212

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.

Authoritarianism · Capital (architecture) · Capital flight · Corporate governance · Democracy · Development economics · Dictatorship · Economic system · Economics · Financial capital · Financial globalization · Geography · Globalization · Human capital · Market economy · Political economy · Political science · Politics · Finance · International Development and Aid · Law · Political Conflict and Governance · Social Policy and Reform Studies · Developing countries · Economic assistance · Economic development · Foreign Investments · Investments, foreign · Political aspects

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