Misleading Modernization: A Case for the Role of Foreign Capital in Democratization

• Main Author: Weinerman, Michael Alexander, 1983-
• Language: en_US
• Published: University of Oregon 2012
• Subjects: Political science; Social sciences; Philippines > Politics and government; Philippines > Economic conditions; Indonesia > Politics and government; Indonesia > Economic conditions
• Online Access: http://hdl.handle.net/1794/11986

x, 84 p. : ill. === Modernization theory posits that economic growth and democratization are mutually constitutive processes. I extend a recent literature that finds this relationship to be spurious due to the existence of a number of international factors, specifically the role of foreign capital. Through two-stage least square (2SLS) regressions for as wide a sample as the data allow and two case studies (Indonesia and the Philippines), I find that the presence of US capital significantly influences domestic political institutions. This relationship, however, is non-linear and interrelated with exogenous shocks. === Committee in charge: Tuong Vu, Chairperson; Craig Parsons, Member; Karrie Koesel, Member; Will Terry, Member