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The political economy of liberal democracy

Mukand, Sharun, Rodrik, Dani, (2015), “The political economy of liberal democracyVoxeu, 29 Σεπτεμβρίου

There are more democracies in the world than non-democracies, but few of the democracies go beyond electoral competition. This column highlights the contrast between electoral democracies and liberal ones, that is, those that protect civil rights in addition to political and property rights. Liberal democracies are rare because the failure to protect minority rights is a common consequence of the emergence of democracy. They are especially uncommon in the developing world, where decolonisation and identity cleavages sparked social mobilisation.

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