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Macroeconomic populism is a term coined by Rudi Dornbusch and Sebastian Edwards in a 1990 paper. [1] The term refers to the policies by many Latin American administrations by which government spending and real wages increase in a non-sustainable way leading to inflation, then stagflation and ultimately an economic collapse that drops real wages to lower than they were before the populist ...
The economic grievance thesis argues that economic factors, such as deindustrialisation, economic liberalisation, and deregulation, are causing the formation of a 'left-behind' precariat with low job security, high inequality, and wage stagnation, who then support populism.
Since the late 1980s, populist experiences emerged in Spain around the figures of José María Ruiz Mateos, Jesús Gil and Mario Conde, businessmen who entered politics chiefly to defend their personal economic interests, but by the turn of the millennium their proposals had proved to meet a limited support at the ballots at the national level ...
A Dispatch symposium.
The rise of right-wing populism and the erosion of the Western social contract reflect a growing popular dissatisfaction with the political and economic systems in the West. [14] These political shifts are often fueled by economic inequalities , perceived threats to national identity and social status , and disillusionment with traditional ...
The definition of populism is a complex one as due to its mercurial nature; it has been defined by many different scholars with different focuses, including political, economic, social, and discursive features. [4] Populism is often split into two variants in the United States, one with a focus on culture and the other that focuses on economics ...
The authors examine the effect of populism on three major aspects of democracy: the quality of democracy in general, Checks and Balances on executive power and citizens' right to politically participate in a meaningful way. They conclude that populist governments are four times more likely to cause harm to democratic institutions than non ...
Econocracy defines a society in which improving the economy has become the main purpose of politics and economic policymaking has become a technocratic process.. The term econocrat was first coined by Peter Self in 1976 to describe those with the professional training that qualifies them in the eyes of society as an expert on the economy. [1]