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Political Representation in Times of Bailout

Political Representation in Times of Bailout
Author: André Freire
Publisher: Routledge
Total Pages: 166
Release: 2017-10-02
Genre: Political Science
ISBN: 1317381645

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Since 2008 many European states have experienced significant challenges in adapting to austerity, and political actors within these states have made significant changes in their discourses and practices. This book explores the short-term impact of the sovereign debt crisis on aspects of political representation in Greece and Portugal, two of the countries that have been the most severely affected. It provides the most systematic examination to date of the attitudinal change of voters and elites regarding participation and representation, and of the legitimacy of the political system in two of the bailed-out Eurozone states. By examining the congruence between elites and voters, the shift in the patterns of competition, and the position of both citizens and representatives on the main issues, the studies contribute towards a reassessment of the validity of the responsible party model and of theories about democratic accountability. By relying on original mass and elite surveys conducted both before and after the bailouts, the volume helps us understand how the EU/IMF intervention has affected partisan alignments in Greece and Portugal, as well as the differences and similarities in the way political elites and civil society have adapted to severe austerity. This book was originally published as a special issue of South European Society & Politics.


The Exceptional Case of Post-Bailout Portugal

The Exceptional Case of Post-Bailout Portugal
Author: Elisabetta De Giorgi
Publisher: Routledge
Total Pages: 121
Release: 2021-09-30
Genre: Political Science
ISBN: 1000462625

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This book explores the argument that Portugal has been an exception to the trend of political upheaval and electoral instability across Southern Europe following the financial crisis and the bailout period. It does so by mapping and exploring in-depth three key dimensions: the governmental arena, the party system and citizens’ political attitudes. The five chapters in this edited volume show that a number of factors combine to make Portugal not only a very stimulating case study, but also an exception within the South European panorama: the stability of its party system, and that of the mainstream parties’ electoral support in particular; the quick recovery of political attitudes after the end of the bailout period (2011-2014); the absence of competitive populist challengers until 2019, despite high levels of populist attitudes amongst the citizenry; the successful and stable union between anti-austerity parties supporting the socialist government (dubbed the ‘Contraption’) and its adoption of an ‘austerity by stealth’ model. This book shows that it is possible to combine critical junctures and political stability, responsiveness and responsibility, through the study of one of the most intriguing cases in Southern Europe in the last decades. The Exceptional Case of Post-Bailout Portugal will be of interest to students, researchers and scholars of Political Science and European Studies. The chapters in this book were originally published as a special issue of the journal, South European Society and Politics.


Political Representation in Southern Europe and Latin America

Political Representation in Southern Europe and Latin America
Author: André Freire
Publisher: Routledge
Total Pages: 281
Release: 2020-06-03
Genre: Juvenile Nonfiction
ISBN: 042968259X

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This collective volume - with contributions from experts on these regions - examines broader questions about the current crises (The Great Recession and The Commodity Crisis) and the associated changes in political representation in both regions. It provides a general overview of political representation studies in Southern Europe and Latin America and builds bridges between the two traditions of political representation studies, affording greater understanding of developments in each region and promote future research collaboration between Southern Europe and Latin America. Finally, the book addresses questions of continuity and change in patterns of political representation after the onset of the two economic crises, specifically examining issues such as changes in citizens’ democratic support and trust in political representatives and institutions, in-descriptive representation (in the sociodemographic profile of MPs) and in-substantive representation (in the link between voters and MPs in terms of ideological congruence and/or policy/issue orientations). This book will be of key interest to scholars and students of political elites, political representation, European and Latin American politics/studies, and more broadly to comparative politics.


European Party Politics in Times of Crisis

European Party Politics in Times of Crisis
Author: Swen Hutter
Publisher: Cambridge University Press
Total Pages: 449
Release: 2019-06-27
Genre: Political Science
ISBN: 1108483798

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A study of party competition in Europe since 2008 aids understanding of the recent, often dramatic, changes taking place in European politics.


A Generational Divide? Age-related Aspects of Political Transformation in Post-crisis Southern Europe

A Generational Divide? Age-related Aspects of Political Transformation in Post-crisis Southern Europe
Author: Emmanouil Tsatsanis
Publisher: Taylor & Francis
Total Pages: 182
Release: 2022-09-29
Genre: Political Science
ISBN: 1000726169

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This book examines the political consequences of the economic crisis in Southern Europe from the perspective of a widening intergenerational divide. It focuses on the cases of Greece, Italy, Portugal and Spain to fill the gap in the literature by examining various age-related rifts in post-crisis Southern Europe. Public discussion about the economic crisis of the late 2000s to mid-2010s in Southern Europe often refers to its impact on the region’s younger citizens, but not enough attention has been given to the political consequences of the crisis on the young. The comparative studies in the volume cover various thematic areas, such as electoral behaviour, political culture, democratic values, forms of political engagement and political representation. The overarching questions that the book attempts to answer are: a) to what extent and in what areas can one talk about an emergent generational divide in the region, and b) has the experience of the economic crisis been profound enough for young South Europeans to create a new ‘crisis political generation’? Many of the answers offered point to tangible effects of the crisis, but mostly in the sense of accentuating dynamics that already existed. The chapters in this book were originally published as a special issue of South European Society and Politics.


The Politics Industry

The Politics Industry
Author: Katherine M. Gehl
Publisher: Harvard Business Press
Total Pages: 316
Release: 2020-06-23
Genre: Political Science
ISBN: 1633699242

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Leading political innovation activist Katherine Gehl and world-renowned business strategist Michael Porter bring fresh perspective, deep scholarship, and a real and actionable solution, Final Five Voting, to the grand challenge of our broken political and democratic system. Final Five Voting has already been adopted in Alaska and is being advanced in states across the country. The truth is, the American political system is working exactly how it is designed to work, and it isn't designed or optimized today to work for us—for ordinary citizens. Most people believe that our political system is a public institution with high-minded principles and impartial rules derived from the Constitution. In reality, it has become a private industry dominated by a textbook duopoly—the Democrats and the Republicans—and plagued and perverted by unhealthy competition between the players. Tragically, it has therefore become incapable of delivering solutions to America's key economic and social challenges. In fact, there's virtually no connection between our political leaders solving problems and getting reelected. In The Politics Industry, business leader and path-breaking political innovator Katherine Gehl and world-renowned business strategist Michael Porter take a radical new approach. They ingeniously apply the tools of business analysis—and Porter's distinctive Five Forces framework—to show how the political system functions just as every other competitive industry does, and how the duopoly has led to the devastating outcomes we see today. Using this competition lens, Gehl and Porter identify the most powerful lever for change—a strategy comprised of a clear set of choices in two key areas: how our elections work and how we make our laws. Their bracing assessment and practical recommendations cut through the endless debate about various proposed fixes, such as term limits and campaign finance reform. The result: true political innovation. The Politics Industry is an original and completely nonpartisan guide that will open your eyes to the true dynamics and profound challenges of the American political system and provide real solutions for reshaping the system for the benefit of all. THE INSTITUTE FOR POLITICAL INNOVATION The authors will donate all royalties from the sale of this book to the Institute for Political Innovation.


Political Representation and Citizenship in Portugal

Political Representation and Citizenship in Portugal
Author: Marco Lisi
Publisher: Rowman & Littlefield
Total Pages: 225
Release: 2020-06-15
Genre: Political Science
ISBN: 179360116X

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Representative democracies are facing huge challenges that stem from long trends of citizens’ dissatisfaction and weakening of political legitimacy, on the one hand, and the effects of global economic and financial crisis on electoral alignments and the patterns of government, on the other. This volume uses the Portuguese case as an important case study to examine the long-term debate on the crisis of representative democracies with the attempt to assess the impact of the Great Recession. In particular, this study examines two relevant dimensions, namely citizens’ participation and mobilization, as well as longitudinal evolution of the linkages between voters and MPs, highlighting both continuities and changes. Through a wide and rich data collection and the comparative perspective adopted, this study furthers our understanding of how Portuguese democracy has bounced back and has emerged as a peculiar case among European democracies, especially if we look at innovate democratic practices - at both citizens’ and elites’ level – that have been adopted after the Great Recession.


Freedom Is Power

Freedom Is Power
Author: Lawrence Hamilton
Publisher: Cambridge University Press
Total Pages: 244
Release: 2014-07-31
Genre: Political Science
ISBN: 1139993240

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Using the history of political thought and real-world political contexts, including South Africa and the recent global financial crisis, this book argues that power is integral to freedom. It demonstrates how freedom depends upon power, and contends that liberty for all citizens is best maintained if conceived as power through political representation. Against those who de-politicise freedom through a romantic conception of 'the people' and faith in supposedly independent judicial and political institutions, Lawrence Hamilton argues that real modern freedom can only be achieved through representative and participative mechanisms that limit domination and empower classes and groups who become disempowered in the conflicts that inevitably pervade politics. This is a sophisticated contribution to contemporary political theory that will be of interest to scholars and students of history, politics, philosophy, economics, sociology, development studies and Southern African studies.


Contentious Episodes in the Age of Austerity

Contentious Episodes in the Age of Austerity
Author: Abel Bojar
Publisher: Cambridge University Press
Total Pages: 351
Release: 2021-11-11
Genre: Social Science
ISBN: 1316519015

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Provides researchers with a novel methodological tool to study interactions between governments, challengers, and third-party actors.


The Dynamics of Sovereign Debt Crises and Bailouts

The Dynamics of Sovereign Debt Crises and Bailouts
Author: Mr.Francisco Roch
Publisher: International Monetary Fund
Total Pages: 46
Release: 2016-09-06
Genre: Business & Economics
ISBN: 1475533241

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Motivated by the recent European debt crisis, this paper investigates the scope for a bailout guarantee in a sovereign debt crisis. Defaults may arise from negative income shocks, government impatience or a "sunspot"-coordinated buyers strike. We introduce a bailout agency, and characterize the minimal actuarially fair intervention that guarantees the no-buyers-strike fundamental equilibrium, relying on the market for residual financing. The intervention makes it cheaper for governments to borrow, inducing them borrow more, leaving default probabilities possibly rather unchanged. The maximal backstop will be pulled precisely when fundamentals worsen.