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The Handbook of Political, Social, and Economic Transformation$
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Wolfgang Merkel, Raj Kollmorgen, and Hans-Jürgen Wagener

Print publication date: 2019

Print ISBN-13: 9780198829911

Published to Oxford Scholarship Online: March 2019

DOI: 10.1093/oso/9780198829911.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 24 June 2021

Political Economy Approaches

Political Economy Approaches

(p.124) Chapter 12 Political Economy Approaches
The Handbook of Political, Social, and Economic Transformation

Frank Bönker

Oxford University Press

This chapter discusses two strands of transformation research that focus on the interaction of economics and politics and start from the assumption of rational, self-interested actors. The political economy of policy reform approach deals with the political preconditions for successful large-scale economic reforms. It emerged from the analysis of economic reforms in developing countries in the 1980s, played a major role in the analysis—and the design—of economic reforms in postcommunist transition countries in the 1990s, but has lost importance since. The second strand of transformation research discussed in the chapter addresses the economic origins of democracy and dictatorship. Two distinct yet complementary approaches can be identified—one focusing on the struggle between the rich and the poor, the other emphasizing conflicts between the governing elite and the citizens.

Keywords:   authoritarian advantage, capital mobility, democratization, economic reforms, elites, honeymoon effect, international organizations, policy reform, political institutions

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