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Consensus democracy [1] is the application of consensus decision-making and supermajority to the process of legislation in a democracy.It is characterized by a decision-making structure that involves and takes into account as broad a range of opinions as possible, as opposed to majoritarian democracy systems where minority opinions can potentially be ignored by vote-winning majorities. [2]
Japanese companies normally use consensus decision-making, meaning that unanimous support on the board of directors is sought for any decision. [79] A ringi-sho is a circulation document used to obtain agreement. It must first be signed by the lowest level manager, and then upwards, and may need to be revised and the process started over. [80]
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 2017 Democracy Index registered, at the time, the worst year for global democracy since 2010–11. Asia was the region with the largest decline since 2016. Venezuela was downgraded from a hybrid regime to an authoritarian regime.
While the risk of inaction on democracy is likely greater than the risk of action, these examples can attest to the relative safety afforded by coalitions to their participating companies.
Workplace democracy is the application of democracy in various forms to the workplace, such as voting systems, consensus, debates, democratic structuring, due process, adversarial process, and systems of appeal. It can be implemented in a variety of ways, depending on the size, culture, and other variables of an organization.
The Washington Consensus is a set of ten economic policy prescriptions considered in the 1980s and 1990s to constitute the "standard" reform package promoted for crisis-wracked developing countries by the Washington, D.C.-based institutions the International Monetary Fund (IMF), World Bank and United States Department of the Treasury. [1]
The polder model (Dutch: poldermodel) is a method of consensus decision-making, based on the Dutch version of consensus-based economic and social policymaking in the 1980s and 1990s. [ 1 ] [ 2 ] It gets its name from the Dutch word ( polder ) for tracts of land enclosed by dikes.