The Party’s Over: Market Liberalization and the Challenges for One-Party and One-Party Dominant Regimes: The Cases of Taiwan and Mexico, Italy and Japan
The Party’s Over: Market Liberalization and the Challenges for One-Party and One-Party Dominant Regimes: The Cases of Taiwan and Mexico, Italy and Japan
Author(s)
Ferdinand, Peter
Abstract
Examines the recent political misfortunes of two ruling parties (the Institutional Revolutionary Party in Mexico and the Nationalist Party in Taiwan) and two dominant political parties (the Christian Democrats in Italy and the Liberal Democratic Party in Japan). The article compares the causes of their misfortune, emphasizing the impact of the need to open their economies to take advantage of international trade and to make their macroeconomic policies conform more to international standards. This has especially reduced such parties’ ability to reserve economic rewards for political supporters. These difficulties are symptomatic of broader problems that many parties will find in attracting long-term political support and members in an era where ideology plays a lesser role in political life, and where economic pressures for the opening of markets to international competition will increase.