The perils of international capital

Faisal Z. Ahmed

Research output: Book/ReportBook

4 Scopus citations


Can foreign capital empower dictatorship? This groundbreaking book develops a unified theory that links three prominent forms of international capital to the endurance of dictatorships. International capital empowers governments to finance two key instruments of non-democratic politics: repression and patronage. The Perils of International Capital uses theory, case studies, and cross-national statistical evidence to demonstrate causal effects between foreign capital and authoritarian politics. These finding are crucial to scholars and policymakers alike, as they call for a recalibration of the welfare effects associated with greater financial globalization. Ahmed reveals that, while foreign capital may improve economic development, it can tragically hinder democratic governance in the process.

Original languageEnglish (US)
PublisherCambridge University Press
Number of pages188
ISBN (Electronic)9781108771146
ISBN (Print)9781108488655
StatePublished - Dec 10 2019

All Science Journal Classification (ASJC) codes

  • General Social Sciences


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