Excessive concentration increases national risk in an uncertain world. This paper views economic and political … diversification as an essential aspect of national risk management aimed at promoting efficiency, growth, and welfare. The paper first … presents economic and political diversification side by side in a cross-country framework and discusses how they interact and …

Democracy is defined by two core tenets: voice and pluralism. Within these constraints, a wide variety of regime types … can be designed. We show that the only new, untested form of democracy is when every citizen is governed by the political … one sovereign only over the people who chose to vote for it - hence the name: Choice Democracy. Choice Democracy can be …

individuals and the prevailing unemployment rate in the country impact perceptions of the effectiveness of democracy. We find that … personal joblessness experience translates into negative opinions about the effectiveness of democracy, and it increases the … year is the main source of the impact. Joblessness-related negative attitude towards the effectiveness of democracy is not …

. We find that emigration and human capital both increase democracy and economic freedom. This implies that unskilled …

This paper examines the causal link between education and democracy. Motivated by a model whereby educated individuals … are in a better position to assess the effects of public policies and hence favor democracy where their opinions matter … results hold across countries with different levels of democracy, thus rejecting the hypothesis that indoctrination through …

non-hostile country. The result is a non-monotonic relationship between democracy and peace. Using the Polity IV dataset …

Democracy usually is identified by the right to vote. However, in recent times voting procedures have been criticized … process. We suggest invigorating an old but nearly forgotten procedure to overcome this deficit: Aleatoric Democracy based on … considered. Persons and ideas, being so far disregarded, are taken into account. Democracy becomes vivid and creative, and does …