scholarly journals The Political Sources of Systematic Investment Risk: Lessons from a Consensus Democracy

2009 ◽  
Vol 71 (2) ◽  
pp. 661-677 ◽  
Author(s):  
Michael M. Bechtel
2018 ◽  
Vol 60 (4) ◽  
pp. 49-68 ◽  
Author(s):  
Jorge Fábrega ◽  
Jorge González ◽  
Jaime Lindh

AbstractConsensus democracy among the main Chilean political forces ended abruptly after the 2013 presidential and parliamentary elections, the most polarized elections since the return to democracy in 1990. Relying on spatial voting theory to uncover latent ideological dimensions from survey data between 1990 and 2014, this study finds patterns of gradual polarization starting at least ten years before the collapse of consensus, based on an increasing demobilization of the political center that misaligned politicians from their political platforms (particularly in the center-left parties). That phenomenon changed the political support for the two main political coalitions and the intracoalition bargaining power of their various factions. The pattern also helps to explain the process behind the 2015 reform of the electoral system.


Res Publica ◽  
1970 ◽  
Vol 23 (1) ◽  
pp. 9-22
Author(s):  
Herman Balthazar

The theses of the preponderating impact of the political parties in Belgian polities in the «interbellum» stems from definite political sources in that period. It has to be critically analysed. For the political parties, although the most observerd decision-makers, are in many respect not the sole nor the most prominent ones.


1997 ◽  
Vol 11 (4) ◽  
pp. 23-42 ◽  
Author(s):  
Martin Feldstein

EMU would be an economic liability. A single currency would cause, at most, small trade and investment gains but would raise average cyclical unemployment and possibly raise inflation, perpetuate structural unemployment, and increase the risk of protectionism. EMU is nevertheless being pursued in order to create a political union. Fundamental disagreements among member states about economic policies, foreign and military policies, and the sharing of political power are likely to create future intra-European conflicts. A United Europe would be a formidable participant in the twenty-first century's global balance of power, with uncertain consequences for world stability and peace.


2008 ◽  
Vol 4 (2) ◽  
Author(s):  
Adrian Vatter

The present article addresses the question of whether Switzerland can continue to be seen as an extreme case of federal consensus democracy, as illustrated by Arend Lijphart (1999). A re-analysis of Lijphart's (1999) study of the Swiss political system from 1997 to 2007 clearly demonstrates that due to recent political-institutional changes (a decreasing number of parties, growing electoral disproportionality, increasing decentralization and deregulation of the relationship between the state and interest groups), a consensus democracy with strong tendencies toward adjustment and normalization of the original exceptional Swiss case to meet the rest of the continental European consensus democracies has emerged. This development has been further strengthened by intensified public political contestation, rising polarization between the political camps in parliament, and the weakening of the cooperative search for consensus as the dominant mode of negotiation within the government. From the perspective of international comparison, Switzerland can thus be seen henceforth as a typical example, not an extreme case, of consensus democracy.


2017 ◽  
Vol 28 (4) ◽  
pp. 1175-1192
Author(s):  
Jelena Vasiljevic

This review essay takes a critical look at two recently published edited volumes, both focusing on the notion and problems of solidarity. Solidarity: Theory and Practice (Laitinen and Pessi, eds.) attempts to unpack the complex idea of solidaristic practice by looking at a whole range of related concepts, such as the social brain, collective intentionality, empathy, work, and voluntary organizations. The Strains of Commitment: The Political Sources of Solidarity in Diverse Societies (Banting and Kymlicka, eds.), on the other hand, focuses on a concrete problem: the generation and maintenance of redistributive solidarity within societies marked by diversity. Still, both volumes take a thorough and systematic look at existing scholarship on solidarity, and by encompassing both the theoretical and the empirical, mark a significant step forward in deepening our understanding of the role and place of solidarity in general social theory.


Author(s):  
Richard S. Katz ◽  
Peter Mair

Cartelization has given rise to opposition in the form of anti-party-system or populist parties. While this possibility was clear as early as the 1990s, in the last decade the growth of these parties has led to alarm in some quarters about the continued viability of liberal democratic party government. In contrast to accounts that attribute this rise to the recent policy failures of the political mainstream, this chapter suggests that its roots lie in internal contradictions in the expectations that the parties have raised in the process of cartelization. Rather than being solutions to these problems, models of “the regulatory state” or “consensus democracy” are strikingly similar to democracy under the cartel party model.


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