Steven Levitsky is David Rockefeller Professor of Latin American Studies and professor of government and director of the David Rockefeller Center for Latin American Studies at Harvard University.
Despite the persistent doomsaying about the political consequences of untrammeled international capital flows, financial liberalization may actually contribute to democratic consolidation.
Reformist leaders offered order, stability, and progress. But the country’s deep-seated political pathologies have proven far more durable than their promises.
