Academic Journal
Economic Actors and the Problem of Externalities: Could Financial Markets Play a Role in Democratic Backsliding?
| Τίτλος: | Economic Actors and the Problem of Externalities: Could Financial Markets Play a Role in Democratic Backsliding? |
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| Συγγραφείς: | Jedrzejowska-Schiffauer, Izabela, Schiffauer, Peter, Georgiana Noja, Gratiela |
| Πηγή: | EUROPEAN RESEARCH STUDIES JOURNAL. :215-238 |
| Στοιχεία εκδότη: | ISMA SYC INT, 2020. |
| Έτος έκδοσης: | 2020 |
| Θεματικοί όροι: | Government accountability -- Hungary, Democracy -- Poland, Democracy -- Hungary, Government accountability -- Poland, 05 social sciences, 8. Economic growth, 1. No poverty, Hungary -- Politics and government, Poland -- Politics and government, 16. Peace & justice, 0506 political science |
| Περιγραφή: | Purpose: Economic actors tend to exert powerful impact on socio-economic and political developments around the globe, including yielding financial and political crises in developed democracies. Approach/Methodology/Design: While a number of studies discuss the impact of finance on political and societal reality, research on the interlink between finance and democratic processes is very limited. Drawing on secondary literature and a case study of two young Central-European democracies, this paper contends a relationship between financial economy and democratic backsliding. Findings: The findings challenge the existing conventional accounts of the reversal to authoritarian politics in Poland and Hungary. Practical Implications: They also identify a mismatch between the constitutional foundations for embedding the market within the society and its institutions on the one hand, and the political-institutional reality in contemporary democracies. Originality/Value: The research provides theoretical assumptions encouraging further study on unwelcome externalities produced by financial markets. |
| Τύπος εγγράφου: | Article |
| ISSN: | 1108-2976 |
| DOI: | 10.35808/ersj/1546 |
| Σύνδεσμος πρόσβασης: | https://www.ersj.eu/journal/1546/download https://ideas.repec.org/a/ers/journl/vxxiiiy2020i1p215-238.html https://EconPapers.repec.org/RePEc:ers:journl:v:xxiii:y:2020:i:1:p:215-238 https://www.um.edu.mt/library/oar/bitstream/123456789/56341/1/Economic%20Actors%20and%20the%20Problem%20of%20Externalities_%20Could%20Financial%20Markets%20Play%20a%20Role%20in%20Democratic%20Backsliding_.pdf https://www.um.edu.mt/library/oar/handle/123456789/56341 https://www.um.edu.mt/library/oar/handle/123456789/56341 |
| Αριθμός Καταχώρησης: | edsair.doi.dedup.....d91f6999fe3e1ffd674a583ddd9d6c27 |
| Βάση Δεδομένων: | OpenAIRE |
| ISSN: | 11082976 |
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| DOI: | 10.35808/ersj/1546 |