{"title":"Didac Queralt","description":"\u003cp\u003eWelcome to our dedicated category exploring the influential works of Didac Queralt, an esteemed author renowned for his insightful contributions to the field of politics and current affairs. Queralt has garnered attention for his thorough analysis and engaging narrative style, making complex political concepts accessible to a broad audience.\u003c\/p\u003e\n\n\u003cp\u003eOne of his notable works, \u003cem\u003ePawned States\u003c\/em\u003e, delves into the intricate dynamics of how states navigate financial policies and geopolitical strategies. Through meticulously researched content, Queralt examines the intersections of economics and politics, offering readers a profound understanding of the forces shaping global governance.\u003c\/p\u003e\n\n\u003cp\u003eWhether you're a student of political science, a professional in the field, or simply someone with a keen interest in the workings of global politics, Didac Queralt's books provide invaluable insights and stimulate thoughtful discussions on current affairs.\u003c\/p\u003e","products":[{"product_id":"pawned-states-by-didac-queralt-9780691231426","title":"Pawned States","description":"\u003cdiv class=\"book-description\"\u003e\n\u003cp\u003e\u003cb\u003eHow foreign lending weakens emerging nations.\u003c\/b\u003e\u003c\/p\u003e\n\n\u003cp\u003eIn the nineteenth century, many developing countries turned to the credit houses of Europe for sovereign loans to balance their books and weather major fiscal shocks such as war. This reliance on external public finance offered emerging nations endless opportunities to overcome barriers to growth, but it also enabled rulers to bypass critical stages in institution building and political development. \u003ci\u003ePawned States\u003c\/i\u003e reveals how easy access to foreign lending at early stages of state building has led to chronic fiscal instability and weakened state capacity in the developing world.\u003c\/p\u003e\n\n\u003cp\u003eDrawing on a wealth of original data to document the rise of cheap overseas credit between 1816 and 1913, Didac Queralt shows how countries in the global periphery obtained these loans by agreeing to 'extreme conditionality', which empowered international investors to take control of local revenue sources in cases of default, and how foreclosure eroded a country's tax base and caused lasting fiscal disequilibrium. Queralt goes on to combine quantitative analysis of tax performance between 1816 and 2005 with qualitative historical analysis in Latin America, Asia, Africa, and the Middle East, illustrating how overreliance on external capital by local leaders distorts their incentives to expand tax capacity, articulate power-sharing institutions, and strengthen bureaucratic apparatus.\u003c\/p\u003e\n\n\u003cp\u003ePanoramic in scope, \u003ci\u003ePawned States\u003c\/i\u003e sheds needed light on how early and easy access to external finance pushes developing nations into trajectories characterized by fragile fiscal institutions and autocratic politics.\u003c\/p\u003e\n\u003c\/div\u003e","brand":"NewSouth Books","offers":[{"title":"Default Title","offer_id":46849666482412,"sku":"9780691231426","price":205.0,"currency_code":"NZD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0705\/7784\/8556\/files\/8242e059d435d8d1344bc04a80374595.jpg?v=1759082716"},{"product_id":"pawned-states-by-didac-queralt-9780691231525","title":"Pawned States","description":"\u003cdiv class=\"book-description\"\u003e\n\u003cp\u003e\u003cstrong\u003eHow foreign lending weakens emerging nations.\u003c\/strong\u003e\u003c\/p\u003e\n\n\u003cp\u003eIn the nineteenth century, many developing countries turned to the credit houses of Europe for sovereign loans to balance their books and weather major fiscal shocks such as war. This reliance on external public finance offered emerging nations endless opportunities to overcome barriers to growth, but it also enabled rulers to bypass critical stages in institution building and political development. \u003cem\u003ePawned States\u003c\/em\u003e reveals how easy access to foreign lending at early stages of state building has led to chronic fiscal instability and weakened state capacity in the developing world.\u003c\/p\u003e\n\n\u003cp\u003eDrawing on a wealth of original data to document the rise of cheap overseas credit between 1816 and 1913, Didac Queralt shows how countries in the global periphery obtained these loans by agreeing to 'extreme conditionality', which empowered international investors to take control of local revenue sources in cases of default, and how foreclosure eroded a country's tax base and caused lasting fiscal disequilibrium. Queralt goes on to combine quantitative analysis of tax performance between 1816 and 2005 with qualitative historical analysis in Latin America, Asia, Africa, and the Middle East, illustrating how overreliance on external capital by local leaders distorts their incentives to expand tax capacity, articulate power-sharing institutions, and strengthen bureaucratic apparatus.\u003c\/p\u003e\n\n\u003cp\u003ePanoramic in scope, \u003cem\u003ePawned States\u003c\/em\u003e sheds needed light on how early and easy access to external finance pushes developing nations into trajectories characterized by fragile fiscal institutions and autocratic politics.\u003c\/p\u003e\n\u003c\/div\u003e","brand":"NewSouth Books","offers":[{"title":"Default Title","offer_id":46849668284652,"sku":"9780691231525","price":74.99,"currency_code":"NZD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0705\/7784\/8556\/files\/2302393482434.jpg?v=1759059499"}],"url":"https:\/\/bookhero.pro\/collections\/didac-queralt.oembed","provider":"Book Hero","version":"1.0","type":"link"}