Freedom and Finance

Democratization and Institutional Investors in Developing Countries

  • Mary Ann Haley

Part of the International Political Economy Series book series (IPES)

Table of contents

About this book


Within a decade, private capital surpassed aid as the primary capital source for developing countries. This book explores how the increase of private funds, in particular portfolio capital, effects democratization in developing countries. A probe into institutional investors' coordination, asset concentration, political preferences, and activism, provides a framework for understanding the politics of international financial constraints. Highlighting the dilemma presented by international finance's simultaneous emphasis on austerity and stability, the question of whether this public-to-private shift might facilitate an anti-democratic strain is examined.


democratization Developing Countries investment

Authors and affiliations

  • Mary Ann Haley
    • 1
  1. 1.Fairfield UniversityUSA

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