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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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https://cepr.org/node/433367 (application/pdf)

Chapters in this book:

Ch 1 Economics of regime change: An overview Downloads
Assaf Razin and Efraim Sadka
Ch 2 Judicial independence and economic prospects Downloads
Barry Eichengreen
Ch 3 The short-run impact of the judicial overhaul on Israeli financial ass Downloads
Itai Ater, Itzchak Tzachi Raz and Yannay Spitzer
Ch 4 Fight fire with fire: The erosion of Israel’s democracy and the popular response Downloads
Noam Yuchtman
Ch 5 Media capture and belief in alternative realities Downloads
Adam Szeidl and Ferenc Szucs
Ch 6 Education in Israel from an international and demographic perspective Downloads
Dan Ben-David and Ayal Kimhi
Ch 7 When populism meets religion: Economic lessons from Israel’s existential crisis Downloads
Eran Yashiv

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