Incentivizing Democracy (opens in new tab)

Two global crises are troubling policy-makers, academics, and large swaths of the general public. The first one is political, currently unfolding, and could be best labelled as a crisis of democracy. As the latest V-DEM Report on Democracy shows, the gains of the so-called “third wave of democracy” have been almost completely wiped out, with democracy worldwide going back to 1978 levels. Only 7% of the world population are now considered to live in a liberal democracy. Moreover, global dissat...