Democracy and Trade Policy in Developing Countries

Download or read book Democracy and Trade Policy in Developing Countries written by Bumba Mukherjee and published by University of Chicago Press. This book was released on 2016-06-17 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the 1970s, developing countries have experienced two notable trends: the rise of new democratic regimes and the rush to free trade. These joint trends have led some to argue that democracy and free-trade go hand in hand in the developing world, each supporting the other. Mukherjee argues that trade politics in developing countries resists such easy categorization. Instead, his book offers an innovative theoretical framework identifying the specific economic conditions and democratic institutions that influence trade policy in developing countries. He focuses particularly on the changing domestic political interactions among parties, party leaders, and labor and capital in developing nations. He draws upon large time-series datasets as well as cross-national survey data analysis to test hypotheses. Then, looking more closely at Brazil, India, Indonesia, and South Africa, he also provides comparative case-study evidence, such as within-country data on trade barriers and campaign contributions. The most comprehensive treatment of the subject to date, "Democracy and Trade Policy in Developing Countries" will be essential reading for scholars and policymakers alike, not only for the understanding it provides for trading strategies now, but for what it reveals about the prospects for international economic cooperation in the future.