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Democratization, or democratisation, is the structural government transition from an authoritarian government to a more democratic political regime, including substantive political changes moving in a democratic direction.
Economic democracy (sometimes called a democratic economy [1] [2]) is a socioeconomic philosophy that proposes to shift ownership [3] [4] [5] and decision-making power from corporate shareholders and corporate managers (such as a board of directors) to a larger group of public stakeholders that includes workers, consumers, suppliers, communities and the broader public.
The term "illiberal democracy" describes a governing system that hides its "nondemocratic practices behind formally democratic institutions and procedures". [93] There is a lack of consensus among experts about the exact definition of illiberal democracy, but it is important to have a term to recognize that some governments attempt to look like ...
A democratic transition describes a phase in a country's political system as a result of an ongoing change from an authoritarian regime to a democratic one. [ 1 ] [ 2 ] [ 3 ] The process is known as democratisation , political changes moving in a democratic direction. [ 4 ]
Democratic capitalism is a type of political and economic system [3] characterised by resource allocation according to both marginal productivity and social need, as determined by decisions reached through democratic politics. [1] It is marked by democratic elections, freedom, and rule of law, characteristics typically associated with democracy.
An economic system, or economic order, [1] is a system of production, resource allocation and distribution of goods and services within a society. It includes the combination of the various institutions , agencies, entities, decision-making processes, and patterns of consumption that comprise the economic structure of a given community.
Cosmopolitan democracy, also known as global democracy or world federalism, is a political system in which democracy is implemented on a global scale, either directly or through representatives. An important justification for this kind of system is that the decisions made in national or regional democracies often affect people outside the ...
Social democratic theorist Robin Archer wrote about the importance of social corporatism to social democracy in his work Economic Democracy: The Politics of a Feasible Socialism (1995). [200] As a welfare state, social democracy is a specific type of welfare state and policy regime described as being universalist, supportive of collective ...