Economic Affairs

In 2006, under the auspices of the Program on Democracy, CDDRL initiated a project called "Waves and Troughs of Post Communist Reform." The project is led jointly by Michael McFaul and Kathryn Stoner-Weiss. The idea is to look over a fifteen plus year span at the ups and downs of post-communist democratic development since 1989. Why have some countries transited relatively smoothly to consolidated democracy (like Poland, for example), while others, like Belarus languish in authoritarianism? Why did some countries in the region experience a second wave of democratic reform beginning in Serbia in 2000, Georgia in 2003 and Ukraine in 2004, while others, like Russia suffered notable slips back from democracy toward autocracy by 2005?

McFaul and Stoner-Weiss assembled a group of scholars to compare country experiences in the former communist world, but more specifically to compare the interplay of two factors that have been downplayed so far in the political science work done on democratic transitions: the power of mass mobilization, and the influence of international actors on democratic transitions.

The project hopes to contribute a greater understanding to what makes democratic

transitions stick, and why some democracies fail to consolidate, by examining in greater

detail these previously overlooked variables in comparison to others like level of economic development, for example. In this way, the project should help further a more general and complete understanding of democratic transition worldwide.

Participants in the project include scholars and policy makers from North America and

Europe, as well as from Eastern Europe and the former Soviet Union.

Papers from this workshop are available as CDDRL Working Papers.

CISAC Conference Room

Encina Hall
616 Jane Stanford Way
Stanford, CA 94305-6055

0
Senior Fellow, Freeman Spogli Institute for International Studies
Ken Olivier and Angela Nomellini Professor of International Studies, Department of Political Science
Peter and Helen Bing Senior Fellow, Hoover Institution
mcfaul_headshot_2025.jpg PhD

Michael McFaul is the Ken Olivier and Angela Nomellini Professor of International Studies in Political Science, Senior Fellow at the Freeman Spogli Institute for International Studies, and the Peter and Helen Bing Senior Fellow at the Hoover Institution, all at Stanford University. He joined the Stanford faculty in 1995 and served as FSI Director from 2015 to 2025. He is also an international affairs analyst for MSNOW.

McFaul served for five years in the Obama administration, first as Special Assistant to the President and Senior Director for Russian and Eurasian Affairs at the National Security Council at the White House (2009-2012), and then as U.S. Ambassador to the Russian Federation (2012-2014).

McFaul has authored ten books and edited several others, including, most recently, Autocrats vs. Democrats: China, Russia, America, and the New Global Disorder, as well as From Cold War to Hot Peace: An American Ambassador in Putin’s Russia, (a New York Times bestseller) Advancing Democracy Abroad: Why We Should, How We Can; and Russia’s Unfinished Revolution: Political Change from Gorbachev to Putin.

He is a recipient of numerous awards, including an honorary PhD from Montana State University; the Order for Merits to Lithuania from President Gitanas Nausea of Lithuania; Order of Merit of Third Degree from President Volodymyr Zelenskyy of Ukraine, and the Dean’s Award for Distinguished Teaching at Stanford University. In 2015, he was the Distinguished Mingde Faculty Fellow at the Stanford Center at Peking University.

McFaul was born and raised in Montana. He received his B.A. in International Relations and Slavic Languages and his M.A. in Soviet and East European Studies from Stanford University in 1986. As a Rhodes Scholar, he completed his D. Phil. in International Relations at Oxford University in 1991. 

CV
Date Label
Michael A. McFaul Speaker

FSI
Stanford University
Encina Hall C140
Stanford, CA 94305-6055

(650) 736-1820 (650) 724-2996
0
Satre Family Senior Fellow, Freeman Spogli Institute for International Studies
kathryn_stoner_1_2022_v2.jpg MA, PhD

Kathryn Stoner is the Mosbacher Director of the Center on Democracy, Development, and the Rule of Law (CDDRL), and a Senior Fellow at CDDRL and the Center on International Security and Cooperation at FSI. From 2017 to 2021, she served as FSI's Deputy Director. She is Professor of Political Science (by courtesy) at Stanford and she teaches in the Department of Political Science, and in the Program on International Relations, as well as in the Ford Dorsey Master's in International Policy Program. She is also a Senior Fellow (by courtesy) at the Hoover Institution.

Prior to coming to Stanford in 2004, she was on the faculty at Princeton University for nine years, jointly appointed to the Department of Politics and the Princeton School for International and Public Affairs (formerly the Woodrow Wilson School). At Princeton she received the Ralph O. Glendinning Preceptorship awarded to outstanding junior faculty. She also served as a Visiting Associate Professor of Political Science at Columbia University, and an Assistant Professor of Political Science at McGill University. She has held fellowships at Harvard University as well as the Woodrow Wilson Center in Washington, DC. 

In addition to many articles and book chapters on contemporary Russia, she is the author or co-editor of six books: "Transitions to Democracy: A Comparative Perspective," written and edited with Michael A. McFaul (Johns Hopkins 2013);  "Autocracy and Democracy in the Post-Communist World," co-edited with Valerie Bunce and Michael A. McFaul (Cambridge, 2010);  "Resisting the State: Reform and Retrenchment in Post-Soviet Russia" (Cambridge, 2006); "After the Collapse of Communism: Comparative Lessons of Transitions" (Cambridge, 2004), coedited with Michael McFaul; and "Local Heroes: The Political Economy of Russian Regional" Governance (Princeton, 1997); and "Russia Resurrected: Its Power and Purpose in a New Global Order" (Oxford University Press, 2021).

She received a BA (1988) and MA (1989) in Political Science from the University of Toronto, and a PhD in Government from Harvard University (1995). In 2016 she was awarded an honorary doctorate from Iliad State University, Tbilisi, Republic of Georgia.

Download full-resolution headshot; photo credit: Rod Searcey.

Mosbacher Director, Center on Democracy, Development and the Rule of Law
Professor of Political Science (by courtesy), Stanford University
Senior Fellow (by courtesy), Hoover Institution
CV
Date Label
Kathryn Stoner-Weiss Speaker
Workshops
News Type
News
Date
Paragraphs
In an article written for the current issue of the Washington Quarterly Larry Diamond, Michael A. McFaul and Abbas Milani, suggests that the U.S. government seek a comprehensive agreement with Tehran that would "end the economic embargo, unfreeze all Iranian assets, restore full diplomatic relations, support the initiation of talks on Iran's entry into the WTO, encourage foreign investment, and otherwise move toward a normal relationship with the Iranian government." In exchange, Iran would have to suspend its nuclear weapons program...
All News button
1
-

David Yang is a pre-doctoral fellow in CDDRL's Democracy in Taiwan program. He is finishing a cross-country comparative study entitled The Social Basis of the Third Wave: Class, Development, and the Making of the Democratic State in East Asia. He looks in particular at late authoritarian Taiwan and contemporary Singapore. Mr. Yang is interested in the social basis of pro-democratic opposition movements and the political implications of various developmental strategies - corporatist versus pluralist, for example. Before entering the doctoral program at Princeton, David Yang completed an MBA in Economics and International Business at NYU, and a B.Sc. in Computer Science at Brown.

Encina Ground Floor Conference Room

N/A

0
Visiting Scholar 2007-2008<br />CDDRL Pre-Doctoral Fellow 2006 - 2007
David_Yang___website.jpg

David is our inaugural, and hopefully annual, fellow in CDDRL's new Democracy in Taiwan program. He is finishing a cross-country comparative study entitled The Social Basis of the Third Wave: Class, Development, and the Making of the Democratic State in East Asia. He looks in particular at late authoritarian Taiwan and contemporary Singapore. David is interested in the social basis of pro-democratic opposition movements and the political implications of various developmental strategies - corporatist versus pluralist, for example. David has been advised on his thesis by Lynne White, and Atul Kohli at Princeton, as well as Andy Nathan and Sheri Berman at Columbia and Barnard respectively. Before entering the doctoral program at Princeton, David completed an MBA in Economics and International Business at NYU, and a BSc in Computer Science at Brown.

David D. Yang Pre-doctoral Fellow Speaker CDDRL
Seminars
-

Barak Hoffman recently defended his doctoral dissertation at UCLA. His dissertation focused on identifying the determinants of political accountability at the local level in sub-Saharan Africa, using Tanzania and Zambia as cases, where he did extensive fieldwork as a Fulbright Scholar. At CDDRL, he intends to expand the focus to include Ghana, Kenya, South Africa and Uganda to also take into account cases where ethnic tensions are potential sources of instability. Barak Hoffman completed his BA at Brandeis, majoring in Economics, and has an MA in Economics from the Broad School of Management at Michigan State.

Encina Ground Floor Conference Room

Center for Democracy and Civil Society
Georgetown University
3240 Prospect Street, NW
Washington, D.C. 20007

(858) 248-9087
0
CDDRL Post-doctoral Fellow 2006 -2007
barak_website.jpg

Barak has just defended and filed his dissertation at UCSD. His dissertation focused on identifying the determinants of political accountability at the local level in sub-Saharan Africa, using Tanzania and Zambia as cases, where he did extensive fieldwork as a Fulbright Scholar. At CDDRL, he intends to expand the focus to include Ghana, Kenya, South Africa and Uganda to also take into account cases where ethnic tensions are potential sources of instability. His advisors at UCSD were Stephan Haggard, Matt McCubbins and Clark Gibson. Barak completed his BA at Brandeis, majoring in Economics, and has an MA in Economics from the Broad School of Management at Michigan State.

Barak Hoffman Post-doctoral Fellow Speaker CDDRL
Seminars
Paragraphs

This paper was discussed at the Global Justice workshop on January 19, 2007.

Excerpt from pages 2 through 3 of Michael Blake's "Political Liberalism Abroad":

Whereas Rawls himself emphasizes political liberalism's notions of reciprocity and tolerance in his extension to the international realm, we might instead emphasize political liberalism's commitment to the justification of political coercion to all individuals subject to such coercion. The result, I believe, is an attractive vision of how a liberal state might understand the normative constraints on its actions abroad. This vision of political liberalism will not privilege agreement between collective groups such as peoples, but rather demand that political communities seek to justify their domestic actions through appeal to the moral categories implicit in political liberalism itself. The specific package of international rights and duties thereby produced, I believe, will be quite unlike those developed in The Law of Peoples, but might nonetheless stand as a plausible and attractive vision of how liberalism might be applied internationally.

About the Author

Michael Blake is associate professor of philosophy and public affairs at the University of Washington. He received his bachelor's degree in philosophy and economics from the University of Toronto, and his legal training at Yale Law School. He specializes in social and political philosophy, philosophy of law, and international ethics.

All Publications button
1
Publication Type
Journal Articles
Publication Date
Authors
-

Abhijit Banerjee is the Ford Foundation Professor of Economics in the Department of Economics at Massachusetts Institute of Technology, director of the Poverty Action Lab, and past president of the Bureau for Research in Economic Analysis and Development (BREAD).

Banerjee received his PhD in economics from Harvard University in 1988, and has taught at Princeton and Harvard before joining the MIT faculty in 1996. In 2001, he was the recipient of the Malcolm Adeshesiah Award, and was awarded the Mahalanobis Memorial Medal in 2000. He is a fellow of the Econometric Society and the American Academy of Arts and Sciences, and has been a Guggenheim Fellow and Alfred P. Sloan Research Fellow. He is coeditor with Roland Benabou and Dilip Mookherjee of Understanding Poverty and, with Philippe Aghion, coauthor of Volatility and Growth. His areas of research are development economics, the economics of financial markets, and the macroeconomics of developing countries.

Sponsored by the Program on Global Justice, the Stanford Humanities Center, and the Center on Democracy, Development, and the Rule of Law.

Encina Ground Floor Conference Room

Abhijit Banerjee Professor of Economics at the Massachusetts Institute of Technology and Director of the Poverty Action Lab Speaker
Workshops
-

Santiago Levy is a Mexican economist and former General Director of the Mexican Social Security Institute. As director of the Institute, he championed pension reform and extended social security coverage to rural workers. Prior to that, Levy was Chief economist and head of the Research Department of the Inter-American Development Bank (2001 - 2002). From 1994 to 2000, he was Deputy Minister at the Ministry of Finance in Mexico, where he was the force behind Progresa-Oportunidades, Mexico's widely acclaimed incentive-based health, nutrition and education program for the poor.

Levy has taught at Boston University, where he was the Chair of the Economics Department. He has published a number of books and numerous academic and newspaper articles on economic development, budgetary and tax policy, trade policy reform, social policy, rural and regional development.

Santiago Levy obtained his, B.A., M.A., and Ph.D. from Boston University.

CISAC Conference Room

Santiago Levy Economist, former General Director of the Social Security Institute, Mexico Speaker
Seminars
Paragraphs

Capital account liberalization was once seen as an inevitable step along the path to economic development for poor countries. Liberalizing the capital account, it was said, would permit financial resources to flow from capital-abundant countries, where expected returns were low, to capital-scarce countries, where expected returns were high. The flow of resources into the liberalizing countries would reduce their cost of capital, increase investment, and raise output (Fischer, 1998; Summers, 2000). The principal policy question was not whether to liberalize the capital account, but when - before or after undertaking macroeconomic reforms such as inflation stabilization and trade liberalization (McKinnon, 1991). Or so the story went.

In recent years intellectual opinion has moved against liberalization. Financial crises in Asia, Russia and Latin America have shifted the focus of the conversation from when countries should liberalize to if they should do so at all. Opponents of the process argue that capital account liberalization does not generate greater efficiency. Instead, liberalization invites speculative hot money flows and increases the likelihood of financial crises with no discernible positive effects on investment, output, or any other real variable with nontrivial welfare implications (Bhagwhati, 1998; Rodrik, 1998; Stiglitz 2002).

While opinions about capital account liberalization are abundant, facts are relatively scarce. This paper tries to increase the ratio of facts to opinions. In the late 1980s and early 1990s a number of developing countries liberalized their stock markets, opening them to foreign investors for the first time. These liberalizations constitute discrete changes in the degree of capital account openness, which allow for a positive empirical description of the cost of capital, investment, and growth during liberalization episodes.

All Publications button
1
Publication Type
Working Papers
Publication Date
Journal Publisher
CDDRL Working Papers
Authors
Peter Blair Henry
Subscribe to Economic Affairs