Why read The Volatility Curse?

Book cover of The Volatility Curse

Book description

The Volatility Curse examines the conditions under which economic voting can (and cannot) function as a mechanism of democratic accountability, challenging existing theories that are largely based on experiences in developed democracies. Drawing on cross-national data from around the world and micro-level evidence from Latin America, Daniela Campello and Cesar…

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Why read it?

1 author picked The Volatility Curse as one of their favorite books. Why do they recommend it?

Yanina Welp

Author

I loved this book because it starts with a candid, personal reflection from the authors—both renowned Brazilian political scientists—who momentarily believed their country had escaped its economic instability, only to be reminded of its cyclical nature. Their argument is compelling: while politics matters, Latin America's deep dependence on international markets makes its democracies uniquely vulnerable to external shocks.

A must-read for understanding the region’s persistent instability.

From Yanina's list on The best books to understand political and social change.