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- W2115027251 abstract "This article explains the diverse processes of recent electoral reform as a result of government responses to global capital mobility. Capital mobility aggravates the vulnerability of incumbent governments because policies that accommodate markets impose economic costs on voters and are thus unpopular. Two ways in which incumbents can reduce this vulnerability are specified: (1) enactment of market-assuring policies that are indifferent to the will of the electorate and (2) continuation of poplar measures until a speculative attack can no longer be avoided. The means by which incumbents ameliorate their vulnerability is further differentiated by the structure of electoral control of policy-making (i.e., majoritarian vs. consensus). As a result, when elected officials across party lines target the electoral system as the source of system problems, four different paths to reform are possible. The electoral reforms of New Zealand, Japan, and Italy, and the aborted reforms of the United Kingdom and France, support the argument." @default.
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- W2115027251 date "2001-01-01" @default.
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- W2115027251 title "Electoral Reforms and the Policy Predicaments of Parliamentary Governments under Global Capital Mobility" @default.
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