Neoliberal Resilience: Lessons in Democracy and Development from Latin America and Eastern Europe

"[Madariaga] creatively combines qualitative and quantitative data and methods."—Nicolás M. Somma, Latin American Research Review

"A significant contribution to the field of comparative political economy, Neoliberal Resilience tackles the crucial question of the strength of neoliberal economic regimes despite hard times. Madariaga persuasively and innovatively shows that ideas and institutions cannot completely account for such outcomes and that social actors and politics are key. This is a fascinating read."—Eduardo Silva, author of Challenging Neoliberalism in Latin America

"Neoliberal Resilience is a very important addition to the lively debate on the political economy of neoliberalism. Drawing on careful empirical research and a highly sophisticated methodological approach, Madariaga develops a convincing case about the inherent tensions between capitalism and democracy in a globalized and increasingly crisis-ridden world. This book deserves to be read widely."—Jerome Roos, author of Why Not Default?: The Political Economy of Sovereign Debt

"Why do certain countries persist with neoliberal development regimes? In this fine-grained study of four countries, Madariaga skillfully moves between each nation’s unique history and a rich toolkit of theories of institutional change and political economy. Identifying three mechanisms of neoliberal resilience, this sophisticated book is indispensable for students of politics and for those wishing neoliberal countries a different political future."—Wolfgang Streeck, Max Planck Institute for the Study of Societies

"In the age of economic nationalism and global pandemics, many believe neoliberalism to be in its death throes. Madariaga instead looks at the sources of its surprising resilience. His timely book is a powerful reminder of the political and societal forces that underpin neoliberalism’s survival, and the damage this has inflicted on democracy. With a spot-on focus on the American and European periphery, laboratories of most radical forms of neoliberalism, this masterfully argued work will inform debates in the years to come."—Dorothee Bohle, European University Institute