Bøger af Silvio Borner

Preface - List of Contributors - Abbreviations and Acronyms - Acknowledgements - Scientific Programme Committee - Introduction - PART 1 NATURAL RESOURCES AND ENVIRONMENT; T.S.Khachaturov, C.Pearson, M.Hufschmidt & A.Lukaszewicz - PART 2 THE WORLD FOOD SITUATION AND PROSPECTS; N.Islam, G.E.Schuh, H.Linnemann & A.Vald s - PART 3 ECONOMIC ASPECTS OF INTERNATIONAL MIGRATION; R.Tabbarah, M.Kritz & T.A.Kjurciev - PART 4 ECONOMIC IMPACT OF THE ARMS INDUSTRY; C.Schmidt, K.Hartley, H.Wulf, M.O.Intriligator, D.L.Brito, S.Deger & S.Sen - PART 5 CAPITAL NEEDS AND CAPITAL MARKETS; J.B.Donges, H.Hughes, C.Luft & L.Maier - PART 6 FOREIGN INDEBTEDNESS, EXCHANGE RATES AND THE MONETARY SYSTEM; A.Taylor, G.O.Nwanko, M.Panic, M.S.Kumar, A.Ferrer & J.Ahmad - PART 7 INTERNATIONAL FINANCING FOR DEVELOPMENT; S.Borner, H.W.Mayer, C.F.Diaz-Alejandro & G.K.Helleiner - Index

The degree and dimensions of open- ness ofthe Swiss economy led to the formulation of our research approach for studying the internationalization of the economy, a topic theoretically and politically developed in this book.

Why have the economies of some developing countries fallen back while others have advanced? Why have so many stabilization and structural adjustment programs failed to deliver growth dividends? This book shows that there is a common and valid answer: political credibility defined as the predictability of the institutional rules of the game. This case is not only argued theoretically but also found to be confirmed by empirical analysis. Ten case studies pitting Latin American countries against Southeast Asian ones reveal the sources of political credibility. Economic openness is the necessary precondition, long-term reputation or democratic participation the sufficient one. Despite the seemingly superior strength of authoritarian reputation democratic control is the more successful road.