How and why has the adoption of free market economic policies affected the consolidation of democracy?
Summary :
Table of Contents
- Introduction.
- Venezuela.
- Hugo Chavez, president of the Bolivarian Republic.
- Democracy as mainly institutional for Huntington.
- A comparative study of Polish and Venezuelan transitions to democracy.
- Globalization.
- Free market economic policies.
- The Punto Fijo system.
- Hugo Chavez's insistance on the socialist aspect of the regime.
- Poland, during the 1980s.
- Conclusion.
- Bibliography.
Abstract
"economic factors have significant impact on democratization but they are not determinative." (Huntington 1991: 59). To Huntington, there is a clear link between economy and democracy as a form of regime, bond that few people could deny nowadays. Actually, this bond can be shown by the expression "free market democracy", which is used very often by different newspapers. By using this expression, people tend to bring democracy and liberalism, as free market economic policies, together, almost inseparable. No matter what country is studied, economy is always the most important point on the political scene. Everything is conditioned by economic policies, from social policies to military strategy, and "GNP is the dominant explanatory variable" (Huntington 1991: 60). That is why it is not surprising to see that both Polish and Venezuelan leaders have recently taken major decisions regarding economy in their own country.
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