The Future of Democracy: Challenges & Prospects

Abstract

Unprecedented speed, interconnectivity, complexity and uncertainty are impacting all spheres of global society today, presenting challenges that were not foreseen even a few years ago. The end of the Cold War was interpreted by many as the final victory for democracy and capitalism over authoritarian socialism. A quarter century after the sudden collapse of communism and the emergence of a new democratic consensus, liberal democracy itself is under threat. Former bastions of democracy are exhibiting a level of populism and polarization previously associated only with nascent, tenuous democracies in countries with low levels of education and economic development. The shared vision that consti..