liberalization. Second, democracy has a negative effect on growth during the contraction, whereas its effect appears insignificant … liberalization generally has positive effect on growth even when controlling for initial conditions. The effect is U-shaped during … the contraction and linear during the recovery, but in both periods complete liberalization is superior to no …

power -- Blocking opposition : political representation and limited democracy -- Locking-in neoliberalism : independent … central banks and fiscal spending rules -- Lessons. Neoliberal resilience and the future of democracy. … democracy's future." …