The relationship between a nation’s politics and its economic prospects is one of the most fundamental – and most studied – subjects in all of social science. When we look at systematic historical evidence, we find that for every authoritarian country that has managed to grow rapidly, there are several that have floundered.
CAMBRIDGE – On a recent Saturday morning, several hundred pro-democracy activists congregated in a Moscow square to protest government restrictions on freedom of assembly. They held up signs reading “31,” in reference to Article 31 of the Russian constitution, which guarantees freedom of assembly. They were promptly surrounded by policemen, who tried to break up the demonstration. A leading critic of the Kremlin and several others were hastily dragged into a police car and driven away.
Events like this are an almost daily occurrence in Russia, where Prime Minister Vladimir Putin rules the country with a strong hand, and persecution of the government’s opponents, human-rights violations, and judicial abuses have become routine. At a time when democracy and human rights have become global norms, such transgressions do little to enhance Russia’s global reputation. Authoritarian leaders like Putin understand this, but apparently they see it as price worth paying in order to exercise unbridled power at home.
What leaders like Putin understand less well is that their politics also compromise their countries’ economic future and global economic standing.
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In an era of geopolitical rebalancing, Europe needs a more cohesive stance in international forums, together with stronger strategic partnerships, to enhance its global influence. Spain can contribute to these goals when it assumes the presidency of the Council of the EU next month – if domestic politics do not get in the way.
worries that a snap election will undermine the effectiveness of the country’s Council of the EU presidency.
In April, the European Commission released an updated proposal for reforming the Stability and Growth Pact that includes more rigid debt “safeguards.” But the changes defeat the entire purpose of devising a new framework for member states’ fiscal policies.
shows why the European Commission’s latest proposal, in contrast to its predecessor, solves nothing.
CAMBRIDGE – On a recent Saturday morning, several hundred pro-democracy activists congregated in a Moscow square to protest government restrictions on freedom of assembly. They held up signs reading “31,” in reference to Article 31 of the Russian constitution, which guarantees freedom of assembly. They were promptly surrounded by policemen, who tried to break up the demonstration. A leading critic of the Kremlin and several others were hastily dragged into a police car and driven away.
Events like this are an almost daily occurrence in Russia, where Prime Minister Vladimir Putin rules the country with a strong hand, and persecution of the government’s opponents, human-rights violations, and judicial abuses have become routine. At a time when democracy and human rights have become global norms, such transgressions do little to enhance Russia’s global reputation. Authoritarian leaders like Putin understand this, but apparently they see it as price worth paying in order to exercise unbridled power at home.
What leaders like Putin understand less well is that their politics also compromise their countries’ economic future and global economic standing.
To continue reading, register now.
Subscribe now for unlimited access to everything PS has to offer.
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