Liberal democracy is under challenge on a global scale. The global financial crisis has accelerated and aggravated the … crisis of liberal democracy in the global North. The paper examines the prospects for liberal democracy in the global South … capitalism and democracy in the global South and evaluates the credentials of democratic BRICS and near-BRICS as serious pro-democracy …

: Democratization in the late twentieth century, 1991) and the methodology of Acemoglu et al. (Democracy does cause growth, 2014) about … 1993 to 2012. His explanatory variable is a dichotomous democracy measure, but he alters his analysis from previous … research by assuming that democracy is not an exogenous variable. Instead, he uses the theory of Huntington (The third wave …