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The Logic of Globalization and Substantive Democracy

  • Manuel Couret Branco


    (Department of Economics, University of Évora)

Despite some notable achievements in many parts of the planet the gap between the rich and the poor has become wider rather than tighter. On the political sphere success seems much more unequivocal, though. Indeed, beyond a handful of anachronistic exceptions, the world seems to have surrendered to the delights of democracy. From there to the conclusion that globalization favours democracy there was a small step that many political scientists all over the world have not hesitated to make. Refusing to share this optimism, many other scientists have, on the contrary, severely questioned the democratic character of the global economy, almost since the term globalization itself has been invented. In this work I will show how the logic of globalisation, in other words the logic of internationalised market capitalism conflicts with a substantive definition of democracy in developed countries as much as in developing countries.

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Paper provided by University of Évora, Department of Economics (Portugal) in its series Economics Working Papers with number 01_2007.

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Length: 14 pages
Date of creation: 2007
Date of revision:
Handle: RePEc:evo:wpecon:01_2007
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