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Democratization and Economic Liberalization in the Postcommunist World

Bibliographic Data

ID6245673
AuthorsM Steven Fish (0000-0001-9992-9984, University of California, Berkeley), Omar Choudhry (University of California, Berkeley)
Year2007
Volume40
Issue3
Pages254-282
Publication date2007-03-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueComparative Political Studies (JOURNAL)
Journal identifiersISSN: 0010-4140 • E-ISSN: 1552-3829
PublisherSAGE Publications Inc (PUBLISHER)
DOI10.1177/0010414006294169
OpenAlexW2154944855
LanguageEN
Citations received21
References cited50

How does economic liberalization affect political regime? Economic liberalization is widely regarded as inimical to democratization. The “Washington Consensus,” which generally endorses “shock therapy” and envisions a basic compatibility between economic liberalization and democratization, is widely disdained in social science. Many scholars hold that neoliberal economics depresses popular living standards and exacerbates socioeconomic inequalities, thereby compromising democratization. Focusing on the postcommunist region, this article tests this hypothesis. It examines the data that have been used to assess the relationship between economic liberalization and political democratization and presents analyses using more appropriate and differentiated techniques. The authors find that economic liberalization advances rather than undermines democratization. Using Engle-Granger analysis, they find that although economic liberalization has no discernible impact on democratization in the short term, democratization adjusts in the direction of a long-term equilibrium to which economic liberalization contributes substantially

Democracy · Democratization · Development economics · Economic liberalization · Economic system · Economics · International economics · Liberalization · Macroeconomics · Market economy · Political science · Politics · Electoral Systems and Political Participation · Law · Political Influence and Corporate Strategies · Social Policy and Reform Studies

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Unique citing works21
Citations per year1,11
Citation span2007 - 2025 (19)
Citation velocityrecent
Highly citedNo
Citation typesNeutral: 20

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