Professional paper
https://doi.org/10.46672/zsl.8.9.16
The connection between globalization and democracy
Matej Perkov
; Aspira College, Zagreb, Croatia
Bojan Prkačin
; Libertas International University, Zagreb, Croatia
Abstract
Globalization shows a high potential for market expansion and diversification, which enables
countries to improve productivity and innovation through economies of scale, research
cost reduction and the transfer of knowledge. The aim of this paper is to highlight the various
forms of connection between globalization processes and the level of democracy on a
global scale. Globalization is examined from various perspectives, with economic, political-
legal, and cultural aspects being the most prominent. As liberal politics is a prerequisite
for globalization, the expansion of globalization must be grounded in democracy. The expansion
of globalization in the 1990s strengthened existing and opened new processes that
affected the functioning of democracy and democratic institutions. At the same time, there
was an increase in social inequality, a weakening of social ties between individuals, and a
reduction in the role of powerful stakeholders such as trade unions. Despite the increasing
number of autocratic states, there have since been more states that transitioned towards
democratization than those that shifted towards autocracy. Democratic decline is significant,
but still unclear and limited, depending on the parameters through which it is viewed.
Keywords
Hrčak ID:
312495
URI
Publication date:
28.12.2023.
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