The role of External Economic Incentives in times of Political Transitions and Consolidations

Authors : Nikoloz G. ESİTASHVİLİ

Pages : 700-718

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Publication Date : 2020-03-30

Article Type : Research Paper

Abstract :Development has become a buzzword in the field of political science and policy-making. This paper tries to answer why despite crucial political and economic similarities between European countries-Spain-Portugal and South American countries Argentina- Peru, South Americans constantly underperformed in terms of economic development in the last quarter of the 20th century? This study explored how external economic incentives can stimulate progressive economic reforms in times of democratic transitions. By understanding why South American states failed where Iberian ones succeeded, we can learn more about important intervening variables, and offer alternative answers to questions of political transitions and their impact on economic growth. Moreover, this research might have some practical value for policy-makers facing transition from authoritarian to democratic market-oriented states.
Keywords : Latin America, Political transition, Economic incentives