This book is a quantitative study of the impact of international
financial transfer on the level of democracy. The study covers 174
developed and developing countries from 1976 through 1994. Through
evaluating the democracy and democratization literature, the book
develops a theory and testable hypotheses about the impact of the
international variables foreign aid and foreign direct investment
on levels of democracy. This study seeks to determine whether these
two financial variables promote or nurture democracy and how? A
pooled time-series cross-sectional model is developed employing
these two variables along with other relevant control variables.
The model also includes an economic development variable (per
capita Gross National Product) to account for the powerful impact
for economic development on the level of democracy, as well as a
control for each country's population size. By addressing and
the inclusion of financial, economic, strategic, and population
size effects, the study considers whether change in these variables
affect the level of democracy and in which direction.
Mohammad AlMomani is associate professor of political science. He taught at Rice University. He is deputy director of State University of New York Legislative Strengthening Program. He is lecturer at Jordan Diplomatic Institution and Council of International Education Exchange. He was director of Regional Human Security Center.
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