The Transition to Illiberal Democracy Economic Drivers and Consequences
Edited by Assaf Razin
in CEPR Press Books from Centre for Economic Policy Research
Abstract:
In an era where democratic principles face unprecedented challenges, this book sheds new light on the alarming trend for regime change towards autocracy. Drawing on recent political shifts in Hungary, Poland, Israel, and beyond, the contributions unravel the intricate web of judicial overhaul, identity politics, populism, and religious orthodoxy that underpins the erosion of democratic institutions. Through meticulous analysis, the authors unveil the insidious mechanisms employed by autocratic regimes to consolidate power and their consequences, from economic fault lines such as education gaps and identity politics, laying on religion and demography, to judicial overhaul, weakened growth, the emergence of de facto power, media manipulation, faltering foreign investment, and distortion of financial stability. Addressing inconvenient truths about the fragility of democratic systems in the face of relentless autocratic ambition, the book serves as a vital resource for understanding the perils posed by the fusion of identity politics, populism, and regime change. In a world teetering on the brink of democratic decline, the imperative to defend the fundamental principles of freedom and justice has never been more urgent.
Date: 2024 Written 2024-05
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Chapters in this book:
- Ch 1 Economics of regime change: An overview

- Assaf Razin and Efraim Sadka
- Ch 2 Judicial independence and economic prospects

- Barry Eichengreen
- Ch 3 The short-run impact of the judicial overhaul on Israeli financial ass

- Itai Ater, Itzchak Tzachi Raz and Yannay Spitzer
- Ch 4 Fight fire with fire: The erosion of Israel’s democracy and the popular response

- Noam Yuchtman
- Ch 5 Media capture and belief in alternative realities

- Adam Szeidl and Ferenc Szucs
- Ch 6 Education in Israel from an international and demographic perspective

- Dan Ben-David and Ayal Kimhi
- Ch 7 When populism meets religion: Economic lessons from Israel’s existential crisis

- Eran Yashiv
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