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Does Economic Adjustment Affect the Legitimacy of Democracies?
- Article from:
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International Journal of Comparative Sociology
- Article date:
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November 1, 1999
- Author:
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Copyright informationCOPYRIGHT 1999 E.J. Brill. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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DIANE ETHIER [*]
Comparing seven West-European cases
ABSTRACT
Many studies show that governments have reacted differently to the structural crisis or Keynesian models of development. Some have opted for a neo-liberal orthodox adjustment policy (OAP); others have adopted either a social-democrat heterodox adjustment policy (HAP) or a Keynesian adjustment policy (KAP). According to many studies, only HAPs preserve or improve the legitimacy of democracies given that they permit, in conformity with the theory of political development, to resume economic growth while safeguarding redistributive policies. This article largely confirms the validity of this hypothesis ...
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