Dados is one of the most widely-read social sciences journals in Latin America. Created in 1966, it publishes innovative works, originating from academic research, by Brazilian and foreign authors. Edited by IESP-UERJ, it aims to reconcile scientific rigor and academic excellence with an emphasis on public debate based on the analysis of substantive issues of society and politics.
Dados vol. 58 n. 2 Rio de Janeiro abr./jun. 2015
Abstract
Although significant effort has been devoted to establishing the institutionalization as a critical dimension of parties and party systems, empirical analyses of the political implications of this institutionalization have received relatively little scholarly attention. Little is known, for example, about how it promotes governments' programmatic consistency. This article contributes to this debate by investigating a common trait of Latin American politics-programmatic shifts endeavored by left-wing governments who take office in the midst of speculative attacks - and examining how different levels of institutionalization affect the probability of such changes occurring. Results show that, confronted by strong speculative pressure, left-wing presidents tend to abandon their campaign promises in favor of conservative economic agendas. Contrary to expected, however, these changes occur more frequently in institutionalized party systems.
Keywords: speculative attacks, neoliberalism, financial market, left, institutionalization
Party Institutionalization and Agenda Consistency: The Left's Response to Financial Speculation Attacks in Latin America
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