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Dec 31, 2023 · Since the beginning of the neoliberal era, it has been argued that there was a correlation between democracy and capitalism, and a strong democracy could ensure capitalist development and increase welfare.
In short, if democratic forces had exerted considerable influence over the operation of capitalism during the era of modernization, the balance of influence between capitalism and democracy shifted during the era of liberalization in favour of capitalism.
Political studies have found that domestic factors have had the strongest influence in demo- cratic transitions, although the international context plays an important part through processes of emulation and influence.
The first section of this chapter examines the political and economic context of change in developing countries: the two themes are the evolution of the international economy, especially since the 1970s, and the political impact of the ending of the cold war.
Sep 1, 2003 · The results suggest that democracy reinforces progress in economic liberalization, which, in turn, improves growth. Hence, democratization had a positive effect on growth during transition, albeit indirectly, through facilitating economic liberalization. 1. Introduction.
- Jan Fidrmuc, Jan Fidrmuc, Jan Fidrmuc
- 2003
democratized and marketized gradually over the whole period, whereas the shift from state socialism to capitalist democracy was much more abrupt in Eastern Europe.
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Jul 10, 2021 · Global capitalism seems to be placing democracy, especially liberal democracy, under considerable stress. Support for populism has surged, especially for extreme right parties with populist and authoritarian programs.