Author : Daniela Campello
Release : 2020-11-05
Genre : Political Science
Kind : eBook
Book Rating : 944/5 ( reviews)
Book Synopsis The Volatility Curse by : Daniela Campello
Download or read book The Volatility Curse written by Daniela Campello. This book was released on 2020-11-05. Available in PDF, EPUB and Kindle. Book excerpt: The Volatility Curse examines the conditions under which economic voting can (and cannot) function as a mechanism of democratic accountability, challenging existing theories that are largely based on experiences in developed democracies. Drawing on cross-national data from around the world and micro-level evidence from Latin America, Daniela Campello and Cesar Zucco make two broad, related arguments. First, they show that economic voting is pervasive around the world, but in economically volatile developing democracies that are dependent on commodity exports and inflows of foreign capital, economic outcomes are highly contingent on conditions beyond government control, which nonetheless determine relevant political outcomes like elections, popular support, and government transitions. Second, politicians are aware of these misattribution patterns and are often able to anticipate their electoral prospects well before elections. This reduces incumbents' incentives to maximize voter welfare, as anticipated by economic voting theories, and increases the likelihood of shirking, waste, and corruption.
