Democracy and Trade Policy in Developing Countries
Publisher: University of Chicago Press; The University of Chicago Press
Published: 2016
Language: eng
Number of pages: 320
ISBN-13: 9780226358819
Subjects: Protectionism; Developing countries, commercial policy
Description: Since the 1970s, two major trends have emerged among developing countries: the rise of new democracies and the rush to free trade. For some, the confluence of these events suggests that a free-market economy complements a fledgling democracy. Others argue that the two are inherently incompatible and that exposure to economic globalization actually jeopardizes new democracies. Which view is correct? Bumba Mukherjee argues that the reality of how democracy and trade policy unravel in developing countries is more nuanced than either account. Mukherjee offers the first comprehensive cross-national framework for identifying the specific economic conditions that influence trade policy in developing countries.