Democracy
Democracy and Economic Growth: New Evidence
Democracy sees higher GDP due to greater civil liberties, economic reform, increased investment and government capacity, and reduced social conflict.
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Rising Market Power Has Led to the Rise in Far-Right Political Parties
In new research, Tommaso Crescioli & Toon Van Overbeke find that small business owners and their families who have lost revenue share to rising market concentration among big businesses have turned to far-right political parties to express their grievances.
Increased Campaign Spending Grows the Economic Pie Instead of Splitting It Up
The United States has relaxed campaign finance laws over the past few decades. As a result, there exist concerns about politicians favoring special business interests over the welfare of other constituents, such as workers. In a new paper, Pat Akey, Tania Babina, Greg Buchak, and Ana-Maria Tenekedjieva examine how the 2010 U.S. Supreme Court decision in Citizens United v. Federal Election Commission affected earnings for firms and workers, as well as political turnover and polarization at the state level.
How the Start-Up Nation Could Fail
Lucian Bebchuk and Oliver Hart explain why Israel’s proposed legal transformation would undermine not only its democracy but also its economy.
Israel’s ruling coalition is...
Industrial Policy Is a Seductive Mirage
Industrial policy was once so out of fashion that it was jokingly called “the policy that shall not be named.” Now it’s back in...
What Saved American Democracy from Donald Trump?
Despite President Donald Trump's attempts to undermine it, the American democracy seems to have survived. We now need to analyze more closely the principles...
Here Is What American History Can Teach Us About the Interplay Between Free Speech and Democracy
The United States has a long and unfortunate history of overreacting in moments of perceived crisis. Time and again, we have suppressed dissent, imprisoned...
Jimmy Lai: “Hong Kong Will Eventually Be Like China, Plagued by Corruption”
In an interview with ProMarket, Hong Kong media tycoon and pro-democracy activist Jimmy Lai discussed his legal troubles, the roots of his political activism,...
Liberal Democracies Have a Duty to Respond to China’s New National Security Law
According to China’s sweeping new national security law, European citizens who argue in favor of self-determination for Hong Kong in their home countries could...
Hong Kong’s Crisis and the Turn Toward Extraterritorial Law
China's new National Security Law, as well as its increasing reliance on law as a mode of repression, reflect important shifts in Chinese governance....
