Liberal democracy is under challenge on a global scale. The global financial crisis has accelerated and aggravated the crisis of liberal democracy in the global North. The paper examines the prospects for liberal democracy in the global South and argues that the prospects are mixed. The rise of...

This article outlines the main elements of rupture and continuity in the global political economy since the global economic crisis of 2008-2009. While the current calamity poses a more systemic challenge to neoliberal globalization than genetically similar turbulences in the semi-periphery...

The rise of BRICs presents a major challenge to the existing global order. A second category of emerging powers, which may be labeled near-BRICs have also displayed increasing pro-activism in recent years in terms of influencing the regional balance of power politics, in addition to their...

This paper highlights the weakening of the EU's transformative capacity in the broader European periphery in a rapidly shifting global order with reference to Hungary and Turkey. Although Hungary is an “insider” and Turkey a relative “outsider” in the context of the EU, their recent...

The AKP, following its third successive electoral victory appears to be far more entrenched than its earlier center-right counterparts in Turkish politics. This article highlights key political economy fundamentals that have rendered the AKP experience unique in the Turkish context. Accordingly,...