Do international non-governmental organizations inhibit globalization? The case of capital account liberalization in developing countries

2.50
Hdl Handle:
http://hdl.handle.net/11286/594754
Title:
Do international non-governmental organizations inhibit globalization? The case of capital account liberalization in developing countries
Authors:
Pinheiro, Diogo; Chwieroth, Jeffrey M.; Hicks, Alexander
Abstract:
Why do countries liberalize capital controls? The literature identifies a range of possible reasons. Yet, despite considerable advances, the impact of international non-governmental organizations has yet to be considered. In fact, surprisingly, systematic analysis of the role of international non-governmental organizations in the diffusion of economic openness, financial or otherwise, has not been pursued previously. We offer the first such analysis by advancing the idea of ‘climatic mimesis,’ which refers to the cultural climate for policymaking that results from country ties to international non-governmental organizations. International non-governmental organizations shape capital account regulation by altering the cultural climate in a country such that liberalization becomes a more problematic policy choice. Our statistical analysis of data from developing countries reveals that international non-governmental organization ties inhibited liberalization, as did relatively high public debt and concentrated domestic banking sectors. The presence of an International Monetary Fund program and liberalization by economic competitors encouraged it. We suggest that these findings have important implications for understanding the potential for convergence and divergence in an era of globalization.
Affiliation:
Department of Sociology
Citation:
Pinheiro, D., Chwieroth, J. M., & Hicks, A. (2015). Do international non-governmental organizations inhibit globalization? The case of capital account liberalization in developing countries. European Journal Of International Relations, 21(1), 146-170. doi:10.1177/1354066114523656
Publisher:
Sage Publications
Journal:
European Journal of International Relations
Issue Date:
21-May-2014
URI:
http://hdl.handle.net/11286/594754
DOI:
10.1177/1354066114523656
Additional Links:
http://ejt.sagepub.com/content/21/1/146.full.pdf
Type:
Article
Language:
en
Appears in Collections:
Faculty Research Articles

Full metadata record

DC FieldValue Language
dc.contributor.authorPinheiro, Diogoen
dc.contributor.authorChwieroth, Jeffrey M.en
dc.contributor.authorHicks, Alexanderen
dc.date.accessioned2016-01-24T19:25:54Zen
dc.date.available2016-01-24T19:25:54Zen
dc.date.issued2014-05-21en
dc.identifier.citationPinheiro, D., Chwieroth, J. M., & Hicks, A. (2015). Do international non-governmental organizations inhibit globalization? The case of capital account liberalization in developing countries. European Journal Of International Relations, 21(1), 146-170. doi:10.1177/1354066114523656en
dc.identifier.doi10.1177/1354066114523656en
dc.identifier.urihttp://hdl.handle.net/11286/594754en
dc.description.abstractWhy do countries liberalize capital controls? The literature identifies a range of possible reasons. Yet, despite considerable advances, the impact of international non-governmental organizations has yet to be considered. In fact, surprisingly, systematic analysis of the role of international non-governmental organizations in the diffusion of economic openness, financial or otherwise, has not been pursued previously. We offer the first such analysis by advancing the idea of ‘climatic mimesis,’ which refers to the cultural climate for policymaking that results from country ties to international non-governmental organizations. International non-governmental organizations shape capital account regulation by altering the cultural climate in a country such that liberalization becomes a more problematic policy choice. Our statistical analysis of data from developing countries reveals that international non-governmental organization ties inhibited liberalization, as did relatively high public debt and concentrated domestic banking sectors. The presence of an International Monetary Fund program and liberalization by economic competitors encouraged it. We suggest that these findings have important implications for understanding the potential for convergence and divergence in an era of globalization.en
dc.language.isoenen
dc.publisherSage Publicationsen
dc.relation.urlhttp://ejt.sagepub.com/content/21/1/146.full.pdfen
dc.subjectNon-Governmental Organizationsen
dc.subjectGlobalizationen
dc.subjectLiberalization (Finance)en
dc.subjectDeveloping Countriesen
dc.subjectEconomicsen
dc.subjectCivil Societyen
dc.subjectSociety of Friends & World Politicsen
dc.subjectGlobal Financeen
dc.subjectPolitical Economyen
dc.subjectTransnational Civil Societyen
dc.subjectWorld Societyen
dc.titleDo international non-governmental organizations inhibit globalization? The case of capital account liberalization in developing countriesen
dc.typeArticleen
dc.contributor.departmentDepartment of Sociologyen
dc.identifier.journalEuropean Journal of International Relationsen
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