Oxford University Press, USA
Raise the Debt: How Developing Countries Choose Their Creditors
Raise the Debt: How Developing Countries Choose Their Creditors
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Credit is the lifeblood of capitalism and development. Brazil, Russia, India, and China-also called BRICs-have become important creditors to developing countries. However, how will their loans affect economic development and democracy in recipient countries? We need to understand why
governments accept Chinese over Western loan offers before we can predict their likely consequences. In Raise the Debt, Jonas B. Bunte systematically explains how governments choose among competing loan offers. Using statistical analyses and extensive interview data, he shows that the strings
attached to loans vary across creditors. Consequently, one domestic interest group may benefit from Chinese credit but not U.S. loans, while the opposite is the case for other groups. Bunte provides evidence that governments cater to whichever domestic interest group is politically dominant when
deciding between competing loan offers. Combining a comparative politics approach with international political economy methods, Raise the Debt shows how a deeper understanding of governments' borrowing decisions is critical for gaining insights into how these loans could impact growth and democracy
on a global scale.
Author: Jonas B. Bunte
Publisher: Oxford University Press, USA
Published: 02/26/2019
Pages: 296
Binding Type: Paperback
Weight: 0.85lbs
Size: 9.10h x 5.90w x 0.90d
ISBN: 9780190866174
Review Citation(s):
Choice 07/01/2019
governments accept Chinese over Western loan offers before we can predict their likely consequences. In Raise the Debt, Jonas B. Bunte systematically explains how governments choose among competing loan offers. Using statistical analyses and extensive interview data, he shows that the strings
attached to loans vary across creditors. Consequently, one domestic interest group may benefit from Chinese credit but not U.S. loans, while the opposite is the case for other groups. Bunte provides evidence that governments cater to whichever domestic interest group is politically dominant when
deciding between competing loan offers. Combining a comparative politics approach with international political economy methods, Raise the Debt shows how a deeper understanding of governments' borrowing decisions is critical for gaining insights into how these loans could impact growth and democracy
on a global scale.
Author: Jonas B. Bunte
Publisher: Oxford University Press, USA
Published: 02/26/2019
Pages: 296
Binding Type: Paperback
Weight: 0.85lbs
Size: 9.10h x 5.90w x 0.90d
ISBN: 9780190866174
Review Citation(s):
Choice 07/01/2019
About the Author
Jonas B. Bunte is Assistant Professor of Political Economy at the University of Texas at Dallas. He studies the politics of finance and development. His work has appeared in the British Journal of Political Science, International Studies Quarterly, Journal of Peace Research, World Development, Review of International Political Economy, and elsewhere. He received his PhD in Political Science from the University of Minnesota.
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