Democracy Definition The Economist

Why has it run into trouble and what can be done to revive it.

Democracy definition the economist. The index is based on 60 indicators grouped in five different categories measuring pluralism civil liberties and political culture. The functioning of government. It intends to measure the state of democracy in 167 countries of which 166 are sovereign states and 164 are un member states. A government in which the supreme power is vested in the people and exercised by them directly or indirectly through a system of representation usually involving periodically held free elections.

The economist intelligence unit s democracy index is based on five categories. Economic democracy is a socioeconomic philosophy that proposes to shift decision making power from corporate shareholders to a larger group of public stakeholders that includes workers customers suppliers neighbors and the broader public. The democracy index is an index compiled by the economist intelligence unit a uk based company. Eyebrows were raised in 2017 when on publishing its list it declared that the united states is now a flawed democracy inferior in status to twenty other countries such as even the eiu s base country the united kingdom.

True economic democracy will form when the grass roots sector of society asserts an active and meaningful role in the decision making process to keep the platform of rules institutions and organizations that manage our resources accountable to everyone. The economist magazine through its economist intelligence unit eiu publishes a list of countries each year in order of what it believes is their democratic quotient. Government by the people especially. The index was first published in 2006 with updates for 2008 2010 and later years.

Electoral process and pluralism. A political unit that has a democratic government. The economist homepage skip to content.