We currently face a baffling paradox. While since the fall of the Berlin Wall in 1989 a seemingly inexorable process of globalisation has been foreshadowing a peaceful and frontierless world, the number of walls across the world has been rising at a steady pace. Liberal and open societies buttressed by trade, international law and technological progress were supposed to implacably contribute to the erosion of frontiers and walls between nations. However, in a context of surging populist discourses, securitarian anxieties and identitarian politics as well as concomitant flows of migration alimented by climate change, conflict and poverty, nations have recently started to barricade themselves behind new walls.
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.
