Reconciling Economic Restructuring and Democratic Politics: Challenge to Asian Emerging Economies
| Autor: | George Abonyi |
|---|---|
| Rok vydání: | 2020 |
| Předmět: |
History
Polymers and Plastics Inequality media_common.quotation_subject Corporate governance Industrial and Manufacturing Engineering Democracy Economic restructuring Politics Representative democracy World economy Political economy Political science Business and International Management Emerging markets media_common |
| Zdroj: | SSRN Electronic Journal. |
| ISSN: | 1556-5068 |
| DOI: | 10.2139/ssrn.3578431 |
| Popis: | Asian emerging economies are faced with reconciling the requirements of economic reform, meaning the long-term structural transformation of their economies, with effective political governance. They are embarking on essential economic change as growth prospects of the world economy are clouded by shifting global demand and disruptive technology. This has contributed to a crisis of faith in political governance in general, and in particular a loss of confidence in democracy as a governance system for delivering continued economic progress. A key challenge to political governance, and representative democracy in particular, is to provide policy stability, anchored in societal consensus, for essential economic reforms. This is of special relevance to Asian emerging economies that have been experiencing stalled growth, increasing inequality, and middle-income trap; coupled with political uncertainty. Thailand provides an example of the nature of the issue, as well as suggestions for practical if modest steps toward addressing the challenge. |
| Databáze: | OpenAIRE |
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