Capital Mobility, Veto Players, and Redistribution in Latin America During the Left Turn

Abstract

This article offers an explanation for the intensity of redistributive policies from Latin American leftist governments during the so-called ‘left turn’. It challenges the idea that the recent radical leftist governments are the product of region-specific characteristics. Based on theoretical models that analyze the implications of inequality in democracies and the moderating effects of different economic and institutional structures, it argues instead that the left’s redistributive policies were more intense in countries where capital mobility is low and there was [...]