Democracy,public debt transparency,and sovereign creditworthiness

Democratic Advantage (DA) arguments explicitly and implicitly assume that democracies have more transparent public debt, enhancing sovereign creditworthiness. This study questions the assumed link between transparent public debt practices and democracy in developing countries. It finds that such practices, which are crucial for investors, (a) do not depend on democratic governance and (b) largely erase the effect that DA variables regime type, rule of law, and property rights have on creditworthiness. In other words, transparent public debt and democracy should not be assumed to go together, and transparent debt practices affect creditworthiness more than DA variables. The findings identify public debt transparency as a statistical and theoretical confounder for current iterations of the DA thesis, which must be addressed to better understand the relationship between democratic governance and sovereign creditworthiness. The policy implication is to not assume that transparent public debt practices are only available to democracies.     

Remembering the Indonesian Peasants’ Front and Plantation Workers’ Union (1945–1966)

The absence of a strong national peasant and agricultural workers’ movement in Indonesia can be traced back to the violent destruction of the Indonesian Peasants’ Front (BTI) and Plantation Workers’ Union (SARBUPRI) in 1965–1966. This contribution reflects on their role in building a progressive movement of peasants and workers in the face of continual attempts to squash them by the Indonesian state and military. How did the cadres learn about the situation and problems in rural areas, and what were their priorities in working with the peasants? Unpublished reports from the last round of the BTI's local-level ‘participatory action research’ conducted in 1965 provide some answers to these questions.     

What can security do for food? Lessons from Brazil

What are the analytical benefits of using the security vocabulary when addressing issues of human well-being? And to what extent can a security framing of these issues be useful in the normative and political sense – that is, when making judgements about existing policies and when formulating and implementing alternative ones? This article uses the case of food security to engage with these questions. It argues for a shift away from conceptual fine-tuning of what food security should mean and towards an appreciation of how security functions as a political modality. Whilst acknowledging that this modality can work to encourage international conflict, enable governmental control and empower global capitalism, the idea that security has an inherent logic which denies progressive politics is refuted. Drawing on the idea of emancipation in critical security studies, and applying it to empirical examples from contemporary Brazil, it is shown how food security can help expedite action to address harm and vulnerability, reinforce the public sphere and widen the scope of social concern.     

Book reviews

DANIELE CONVERSI, The Basques, The Catalans and Spain: Alternative Routes to Nationalist Mobilization (Hurst, London, 1997), 312 pp., ISBN 1–85065–268–6 (pb)

LEO PANITCH and COLIN LEYS, The End of Parliamentary Socialism: From New Left to New Labour (Verso, London, 1997), 341 pp., ISBN 1–85984–109–0 (pb)

MARK MATTERN, Acting in Concert: Music, Community, and Political Action (Rutgers University Press, New Brunswick, 1998), 185 pp., ISBN 0–8135–2484–9 (pb)

RICHARD J. GOLSAN (ed), Fascism's Return: Scandal, Revision and Ideology since 1980 (University of Nebraska Press, Lincoln and London, 1998), 330 pp., ISBN 0–8032–7071–2

KATHERINE FIERLBECK, Globalizing Democracy. Power, Legitimacy and the Interpretation of Democratic Ideas (Manchester University Press, Manchester, 1998), 216 pp., ISBN 0–7190–4995–4 (hb)