Source: Bell et al., 2020
In 2024, nearly half the world’s population, including citizens of the eight most populous nations, voted or will vote in elections. While this signals democratic engagement, many elections are run by autocratic or illiberal regimes pursuing self-serving agendas. Paradoxically thus, as elections are generalising as a practice, democracy is met with growing defiance. On closer scrutiny, however, it appears that it is not only the indicators of democracy but also those of elections that have been declining over the past decade. This dossier, produced with the Albert Hirschman Centre for Democracy, examines the essential role of elections in the construction of democracy today.
The multipolar world succeeding US hegemony in the early 21st century, the financial crisis of 2007 and the corollary decline of liberalism seem to have ushered in an era of economic nationalism. States are increasingly left to fend for themselves as multilateral mechanisms lose traction and international economic relations gain in toxicity. The sanctions, embargoes and retaliations arising from the war in Ukraine, but also an accelerating struggle for dwindling natural resources, have pushed these logics to new heights. This Dossier assesses ongoing geoeconomic transformations and their potentially devastating consequences.
Has globalisation reached its apex after centuries of growth as suggested by the latest figures of the WTO? In the affirmative, does this imply that we are ushering into a new era of degrowth? Or are we witnessing the reorganisation of the very architecture of globalisation, which remains based on the twin logic of the acceleration and continuous increase of the volume of exchanges, as well as the steady densification of geographic connectedness. Are global exchanges restructuring concomitantly to the fourth technological revolution and the expansion of the digital economy? The present Dossier proposes to approach this question by observing the nature and the evolution of the principal flows that characterise globalisation.
