Faithin Omaha eBook Collection

Download or read book Building Legislative Coalitions for Free Trade in Asia written by Megumi Naoi and published by Cambridge University Press. This book was released on 2015-07-20 with total page 231 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.