This academic book examines the impact of financial shocks and economic crises on democracy in Latin America, focusing on Argentina, Chile, and Uruguay.  The analysis uses a political economy framework, exploring the roles of institutions, interests, and ideas in shaping democratic outcomes across different crises, including the Great Depression, the 1980s debt crisis, and the 1990s emerging markets crises.  The author compares these historical events with the 2008 financial meltdown to assess whether the likelihood of democratic survival has changed. The study highlights variations among the three Southern Cone countries, emphasizing the importance of domestic and international factors.  Finally, the conclusion explores broader implications for democracy in other Latin American regions and globally.
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