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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.
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 ...
Populism in Latin American countries has both an economic and an ideological edge. Populism in Latin America has mostly addressed the problem, not of capitalist economic development as such but rather the problems caused by its lack of inclusiveness, [38] in the backdrop of highly unequal societies in which people are divided between very small ...
The structuralist approach to techno-populism emphasizes its social origins and associates it with certain stages of development, especially the attempt at industrialization in countries located at the periphery of the world economy. According to this view, populist regimes are those using cross-class coalitions and popular mobilization to ...
Left-wing populism, also called social populism, is a political ideology that combines left-wing politics with populist rhetoric and themes. Its rhetoric often includes elements of anti- elitism , opposition to the Establishment , and speaking for the " common people ". [ 1 ]
Populism does not have the same effect in each stage of the democratization process. In fact, we suggest that populism tends to play a positive role in the promotion of electoral or minimal democracy, but a negative role when it comes to fostering the development of a full-fledged liberal democratic regime.
Effects of democracy on economic growth and effect of economic growth on democracy can be distinguished. While evidence of a relationship is irrefutable, [ 1 ] economists' and historians' opinions of its exact nature have been sharply split, hence the latter has been the subject of many debates and studies.