This paper offers three guiding principles for a better relationship between the economy and democracy: democracy as the extension of citizenship; democracy as diversity; and democracy as complementary to clear, strong macroeconomic rules. This view, it is argued, implies that economic and social institutions must be subject to democratic political choice. In this context, it analyses the role of both national and international institutions in improving the complementarity of the market, social cohesion and democracy. The central role of economic and social rights serves as the overarching framework for the analysis.
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Paper provided by United Nations, Department of Economics and Social Affairs in its series Working Papers with number
9.
Find related papers by JEL classification: H1 - Public Economics - - Structure and Scope of Government H4 - Public Economics - - Publicly Provided Goods I3 - Health, Education, and Welfare - - Welfare and Poverty E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination D6 - Microeconomics - - Welfare Economics F02 - International Economics - - General - - - International Economic Order; Noneconomic International Organizations;; Economic Integration and Globalization: General
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