CEU Electronic Theses and Dissertations, 2022
| Author | Perfeito Da Silva, Pedro |
|---|---|
| Title | Post-Neoliberalism and the Politics of Capital Mobility |
| Summary | This dissertation discusses how the rise of post-neoliberalism has affected the capital flow management in Latin America. It is composed of three independent studies that follow complementary methodological strategies, constituting a mixed-method research design. Relying on time-series cross-section econometrics, the first study estimates the impact of post-neoliberal governments on the regulation of capital flows. Drawing upon a sample of 17 Latin American countries for the period between 1995 and 2019, it finds that post-neoliberalism contributed to higher levels of capital controls across the region. The second study unpacks the role of social forces in the varieties of capital flow management under Latin American post-neoliberalism. Based on a comparative case-study centered on Argentina under Kirchnerism and Brazil under the Workers’ Party, it concludes that two complementary channels favor the adoption of heterodox strategies: a strong pressure from popular sectors that push for an immediate macroeconomic reorientation, and the existence of strategic allies among economic elites that mitigate the credibility losses associated with this decision. Finally, the third study compares Argentina under Kirchnerism and Hungary under Viktor Orbán, shedding light on the interaction between populist ideologies and post-neoliberal political projects in the realm of financial policymaking. It shows that both varieties of populism led to partial reversal of external financial liberalization, but targeted different policy dimensions according to their ideological underpinnings: Argentina’s left-wing populism prioritized the re-regulation of capital flows, while Hungary’s right-wing populism focused on the resumption of national control over the banking sector. |
| Supervisor | Hübscher, Evelyne |
| Department | Political Science PhD |
| Full text | https://www.etd.ceu.edu/2022/perfeito_pedro.pdf |
Visit the CEU Library.
© 2007-2021, Central European University