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This book takes a powerful new approach to a question central to comparative politics and economics: Why do some leaders of fragile democracies attain political success when pursuing drastic, painful economic reforms while others see their political careers implode? Kurt Weyland examines the surprising willingness of presidents in four Latin American countries to enact daring reforms and the unexpected resultant popular support. He argues that only using the insights of prospect theory to understand how leaders understand the gains and losses from reform can one fully account for the twists and turns of politics and economic policy in Argentina, Brazil, Peru, and Venezuela during the 1980s and 1990s.

Opinion publique - Amerique du Sud --- Democratie - Amerique du Sud --- Venezuela --- Peru --- Brasilien --- Argentina --- Okonomisk-politiske strategier --- Okonomisk planlaegning --- Markedsokonomi --- Udviklingsstudier --- Udviklingsstrategier-u-lande --- Udviklingspolitik --- South America --- Economic policy --- Public opinion. --- Economic conditions --- Political aspects. --- America. --- Arbetman, Marina. --- Austria-Hungary. --- Austro-Prussian War. --- Battle of Navarino Bay. --- Besika Bay. --- Bismarck. --- Bolshevik Revolution. --- China. --- Concert of Europe. --- Constantinople. --- Corinth. --- Duke of Argyll. --- Franco-Mexican War. --- Garnham, David. --- German-Russian trade. --- Great Depression. --- Hamilton, Alexander. --- Holy Alliance. --- Horvath, William J. --- Italo-Roman War. --- Jordan. --- King, Joel. --- Knorr, Klaus. --- Kuczynski, Thomas. --- Lalman, David. --- Liesner, Thelma. --- action-reaction models. --- anarchy. --- capabilities. --- capital ships. --- coefficient of variation. --- collective goods. --- deterrence. --- economic statecraft. --- economies of scale. --- energy consumption. --- exchange rates. --- hegemonic war. --- hegemony. --- infant industries. --- interdependence. --- international institutions. --- major powers. --- mercantilism. --- multipolarity. --- neomercantilism. --- neorealism. --- numerical simulation. --- optimal tariff. --- phoenix factor. --- privileged group. --- Opinion publique --- Democratie