Details

Autor(en) / Beteiligte

• Jacobs, Garry
• Caraça, João
• Fiorini, Rodolfo
• Hoedl, Erich
• Nagan, Winston P
• Reuter, Thomas
• Zucconi, Alberto

Titel

The Future of Democracy: Challenges & Prospects

Ist Teil von

• Cadmus (Trieste, Italy), 2018-05, Vol.3 (4), p.7-31

Ort / Verlag

Trieste: The Risk Institute

Erscheinungsjahr

2018

Link zum Volltext

Quelle

EZB Electronic Journals Library

Beschreibungen/Notizen

• Unprecedented speed, interconnectivity, complexity and uncertainty are impacting all spheres of global society today, presenting challenges that were not foreseen even a few years ago. The end of the Cold War was interpreted by many as the final victory for democracy and capitalism over authoritarian socialism. A quarter century after the sudden collapse of communism and the emergence of a new democratic consensus, liberal democracy itself is under threat. Former bastions ofdemocracy are exhibiting a level of populism andpolarization previously associated only with nascent, tenuous democracies in countries with low levels of education and economic development. The shared vision that constituted the foundation for the democratic consensus is breaking down. Doubts, fears and insecurity have shaken faith in the institutions of governance and the confidence of youth in a better future. Nations are closing their borders, retreatingfrom global cooperation, and casting the blame on minorities and foreigners in a manner reminiscent of an earlier century. Participants in the WAAS Roundtable on the Future of Democracy at Dubrovnik on April 3-5, 2018 recognized that this shift in direction is the result of a complex nexus of forces that have been shaping the future for decades. The group shared valuable insights into our present dilemma while maintaining the diversity of perspective essential for understanding a complex, multidimensional global phenomenon still in the process of unfolding. The discussion identified numerous practical steps that can be taken to moderate extreme aberrations resulting from the misuse of social power. It also recognized that fundamental changes are needed to develop more effective systems of governance capable of fully supporting the aspirations of humanity, maximizing the equity and effectiveness of social institutions and the future evolution of global society.