Sylvia Maxfield teaches in the department of government at Harvard University. She is the author of Gatekeepers of Growth: The International Political Economy of Central Banking in Developing Countries (1997) and coeditor of The Politics of Finance in Developing Countries (with Stephan Haggard and Chung H. Lee, 1993).
Despite the persistent doomsaying about the political consequences of untrammeled international capital flows, financial liberalization may actually contribute to democratic consolidation.
"[This] elegantly written and rigorously structured volume … constitutes an important landmark in the comparative study of democratization."—Carlos Santiso, Forum for Development Studies
"Emerging Market Democracies provides useful insights into topics that connect market economies to various nations' politics, especially efforts at democratization, and compares and contrasts two important regions of the world in their quests for modernization."—John F. Copper, Asian Affairs
