Building Legislative Coalitions for Free Trade in Asia

Globalization as Legislation

Nonfiction, Social & Cultural Studies, Political Science, Politics, Economic Conditions, Business & Finance
Cover of the book Building Legislative Coalitions for Free Trade in Asia by Megumi Naoi, Cambridge University Press
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Author: Megumi Naoi ISBN: 9781316288030
Publisher: Cambridge University Press Publication: July 20, 2015
Imprint: Cambridge University Press Language: English
Author: Megumi Naoi
ISBN: 9781316288030
Publisher: Cambridge University Press
Publication: July 20, 2015
Imprint: Cambridge University Press
Language: English

What accounts for the large reduction in trade barriers among new democracies in Asia after World War II? Using new data from Japan and Thailand, this book provides a surprising answer: politicians, especially party leaders, liberalized trade by buying off legislative support with side-payments such as pork barrel projects. Trade liberalization was a legislative triumph, not an executive achievement. This finding challenges the conventional 'insulation' argument, which posits that insulating executives from special interest groups and voters is the key to successful trade liberalization. By contrast, this book demonstrates that party leaders built open economy coalitions with legislators by feeding legislators' rent-seeking desires with side-payments rather than depriving their appetites. This book unravels the political foundations of open economy.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

What accounts for the large reduction in trade barriers among new democracies in Asia after World War II? Using new data from Japan and Thailand, this book provides a surprising answer: politicians, especially party leaders, liberalized trade by buying off legislative support with side-payments such as pork barrel projects. Trade liberalization was a legislative triumph, not an executive achievement. This finding challenges the conventional 'insulation' argument, which posits that insulating executives from special interest groups and voters is the key to successful trade liberalization. By contrast, this book demonstrates that party leaders built open economy coalitions with legislators by feeding legislators' rent-seeking desires with side-payments rather than depriving their appetites. This book unravels the political foundations of open economy.

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