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Structural power in comparative political economy:perspectives from policy formulation in Latin America

Fairfield, Tasha (2015) Structural power in comparative political economy:perspectives from policy formulation in Latin America. Business and Politics, 17 (3). pp. 411-441. ISSN 1469-3569

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Identification Number: 10.1515/bap-2014-0047

Abstract

Structural power is a critical variable that merits more extensive and more explicit attention in Latin American political economy and in comparative politics more broadly. Assessing structural power in conjunction with its counterpart, instrumental power, can provide strong leverage for explaining variation in policy outcomes that affect business interests. However, structural power must be carefully defined and operationalized in order to capture its core attributes and nuances. This task requires wedding the concept’s “structural” underpinnings with policymakers’ perceptions and anticipated reactions. Moreover, the relationship between structural power and instrumental power must be carefully theorized. While these concepts encompass distinct channels through which business exerts influence, the two types of power may be mutually reinforcing. I argue that business interests shape policy outcomes when either their structural power or their instrumental power is strong, yet business influence will be more extensive and more consistent when structural power and instrumental power are both strong. However, electoral incentives, and more importantly, popular mobilization, can counteract business power. I illustrate these theoretical points with a case study of Chile’s 2014 tax reform proposal, a major policy initiative with important distributive consequences that received international press attention.

Item Type: Article
Official URL: http://www.degruyter.com/view/j/bap
Additional Information: © 2015 Walter de Gruyter GmbH.
Divisions: International Development
Government
Subjects: H Social Sciences > HB Economic Theory
J Political Science > JA Political science (General)
Sets: Departments > International Development
Departments > Government
Date Deposited: 28 May 2015 10:51
Last Modified: 20 Sep 2019 02:00
URI: http://eprints.lse.ac.uk/id/eprint/62123

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