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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.
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 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 continued broad-based support for populism at the global level suggests that the 2024 elections could usher in a renewed cohort of populist, anti-establishment governments–and potentially, a ...
Economic nationalism or nationalist economics is an ideology that prioritizes state intervention in the economy, including policies like domestic control and the use of tariffs and restrictions on labor, goods, and capital movement. [1] The core belief of economic nationalism is that the economy should serve nationalist goals. [2]
Trump's rhetoric has its roots in a populist political method that suggests nationalistic answers to political, economic, and social problems. [46] [47] [48] They are more specifically described as right-wing populist. [49] [50] Policies include immigration restrictionism, trade protectionism, isolationism, and opposition to entitlement reform ...
Populism is often defined as an idea within the framework of a liberal democracy that defines two core groups—"the people" and "the elite". [1] Political scientist Cas Mudde defined the core populist concepts with "the people" being presented as a morally good force, while "the elite" are often portrayed as corrupt and self-serving.
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.