Democratic Statecraft: Perspectives from an “Unsettled” Global South

Abstract

Abstract:This paper focuses on major Emerging Market Democracies (EMDs), and their “statecrafting” options under the pressures of globalization, including the recent build-up of counter-currents culminating in the massive “sudden stop” of 2020. Even under the most adverse circumstances, these countries have never just been “rule-takers,” and their political economy trajectories always involve coalition-building and politically negotiated adaptation and reform.