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Title:Neoliberalism and globalization are not undermining democracy : panel evidence from more than 140 countries, 1980-2022
Authors:ID Branilović, Stefani (Author)
ID Rutar, Tibor (Author)
Files:.pdf RAZ_Branilovic_Stefani_2025.pdf (716,63 KB)
MD5: A4BC79FD47D366ED59E0A9B1B4778F54
 
URL https://doi.org/10.1111/ajes.12635
 
Language:English
Work type:Scientific work
Typology:1.01 - Original Scientific Article
Organization:FF - Faculty of Arts
Abstract:The rise of neoliberal reforms in the period of globalization is often claimed to be linked with wider outcomes, such as increased inequality, unemployment, and different cultural grievances. Because of these economic and cultural concerns, voters might seek solutions to their ostensible problems by turning to illiberal populist parties, which tend to undermine democracy and its basic principles. The present article empirically tests if neoliberalism, operationalized with the Fraser Institute's Economic Freedom of the World, and globalization, operationalized with the KOF's Globalization Index, were somehow associated with democratic integrity. The analysis is performed through fixed-effects regressions in more than 140 countries between 1980 and 2022. The main results show that over-time increases in both neoliberalism and globalization predicted over-time increases infive different types of democracy scores. Furthermore, the analyses with disaggregated indexes showed that freedom of international trade, modesty of regulation, legal system and property rights, and social globalization are what drive the relationship at the aggregate level. Results also showed that there are no statistically significant relationships between economic freedom and Freedom House's democracy scores specifically in the time period between 2011 and 2022. Furthermore, there are no statistically significant results indicating a relationship between globalization and democracy during the same time period. This is an interesting observation since this time period is commonly understood as most clearly embodying the democratic recession.
Keywords:democratic recession, economic freedom, globalization, neoliberalism, populism
Publication status:Published
Publication version:Version of Record
Article acceptance date:26.04.2025
Publication date:07.05.2025
Publisher:Wiley-Blackwell
Year of publishing:2025
Number of pages:str. 797-821
Numbering:Letn. 84, št. 5
PID:20.500.12556/DKUM-94708 New window
UDC:316.334
ISSN on article:0002-9246
COBISS.SI-ID:237124867 New window
DOI:doi.org/10.1111/ajes.12635 New window
Publication date in DKUM:05.02.2026
Views:155
Downloads:5
Metadata:XML DC-XML DC-RDF
Categories:Misc.
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Record is a part of a journal

Title:The American journal of economics and sociology
Shortened title:Am. j. econ. sociol.
Publisher:American Journal of Economics and Sociology
ISSN:0002-9246
COBISS.SI-ID:303641 New window

Licences

License:CC BY 4.0, Creative Commons Attribution 4.0 International
Link:http://creativecommons.org/licenses/by/4.0/
Description:This is the standard Creative Commons license that gives others maximum freedom to do what they want with the work as long as they credit the author.
Licensing start date:07.05.2025

Secondary language

Language:Slovenian
Keywords:demokratična recesija, ekonomska svoboda, globalizacija, populizem, neoliberalizem


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