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Guide Economic Politics: The Costs of Democracy

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Modi must also close legal loopholes, tie tax breaks to political parties with transparency, and directly attack the underlying drivers of the black economy. Despite the vibrancy of its democracy, India has struggled mightily to regulate political finance in ways that would both contain the costs of elections and curb impropriety in their funding.

Unless a farsighted Central government can champion campaign finance reforms, the after-effects of the ill-fated ban on company donations are likely to be felt long after its 45th anniversary. The World Unpacked is a weekly foreign policy podcast, hosted by Jen Psaki, that breaks down the hottest global issues of today with experts, journalists, and policymakers who can explain what is happening, why it matters, and where we go from here.

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EP21: The Fragility of democracy and why winner takes all economics has led to the rise of populism

Experts Publications. Experten Publikationen. Latest Analysis Publications Popular Projects. Programs Projects. Regions and Countries Issues. Costs of Democracy: Political Finance in India. About Content Reviews Related Content One of the most troubling critiques of contemporary democracy is the inability of representative governments to regulate the deluge of money in politics. Chapter 2: Money in Elections: The Role of Personal Wealth in Election Outcomes Author: Neelanjan Sircar This chapter investigates the role of personal wealth and self-financing candidates in Indian elections, namely why financial capacity of the candidate is an important feature of Indian electoral politics and how it structures the incentives of political parties.

Chapter 3: Builders, Politicians, and Election Finance Author: Devesh Kapur and Milan Vaishnav In many developing countries, politicians often turn to private firms for illicit election finance. Collins In recent decades, India has witnessed an upsurge in electoral participation among lower caste voters. Intuitions from Recent Electoral Campaigns in Mumbai Author: Simon Chauchard This chapter focuses on what candidates concretely spend their money during presumably expensive campaigns.

Multi-level Politics and Campaign Finance in India Author: Jennifer Bussell Those who affect the outcomes of elections—via financial or means—often have greater access to elected officials.

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November 08, Pragati One-third of Indian state and national legislators enter office with pending criminal charges. Op-Ed The Path to Reforms: Ensure Enforcement, Bring Clarity July 27, Hindustan Times Electoral finance reforms could relax limits on expenditures, but should also feature full transparency with adequate verification and enforcement mechanisms. Op-Ed Money Matters in Indian Elections: Why Parties Depend on Wealthy Candidates July 26, Hindustan Times The rise of wealthy candidates is driven by the weak representative role of India's elected politicians, which discourages quality governance and leads elected politicians to view their election campaign as an economic investment in the future.


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July 25, Hindustan Times Costlier elections may not result from lower levels of morality in the political class or from a surge in bribe giving. Op-Ed Funding Elections in India: Whose Money Has the Most Influence July 24, Hindustan Times Despite obvious obfusication, there is much to be learned from asking politicians about campaign finance and the role of black money in Indian elections.

THE POLITICAL ECONOMY OF THE CHILEAN TRANSITION TO DEMOCRACY

It Would Still Out-Fundraise Opponents' July 23, Times of India While genuine political finance reform would be politically popular for the BJP, recent moves have done little to enhance transparency or dampen flow of black money. Op-Ed Power to the Rich: India Needs to Talk about Money in Politics July 23, Hindustan Times India is no stranger to the dilemma of money in politics, but this nexus has not been the subject of sustained scholarly attention.

Checkbook Elections? Op-Ed The Resilience of Briefcase Politics February 04, Indian Express Unless a farsighted Central government can champion campaign finance reforms, the after-effects of the ill-fated ban on company donations are likely to be felt long after its 45th anniversary. Russia Dmitri Trenin. Federiga Bindi. Richard Youngs. Tellis Alison Szalwinski Michael Wills. Tellis Tom Wyler. Popular Articles. Featured The World Unpacked The World Unpacked is a weekly foreign policy podcast, hosted by Jen Psaki, that breaks down the hottest global issues of today with experts, journalists, and policymakers who can explain what is happening, why it matters, and where we go from here.

In Kenya, the effect of the post-election mayhem saw growth rates fall from 7. The financial toll of election uncertainty also differs from country to country depending on the make-up of the economy. For instance, the post-election crisis that rocked The Gambia after the December poll continues to impact its tourism sector, a key foreign exchange earner.

But for commodity-dependent economies, especially in sub-Saharan Africa, exports and pricing remain crucial for growth, says Charles Robertson, global chief economist with investment bank Renaissance Capital.

Despite sluggish growth in the first quarter of in Nigeria due to elections, Renaissance research shows a moderate pick-up in growth in to 2. African economies also differ in how long they take to recover from the all-round effects of electoral uncertainty.

Solutions for Economics, Environment and Democracy

But the safe approach that can work across the board for international investors is to build a cash buffer, diversify across countries, and not make significant moves or entries during voting years, according to Gugu. Lipset, S. Moore, B. Przeworski, A.

Roemer, J. Stephens, J. Hampton and J. Roemer, eds. Roemer 1 1.

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