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How Democracies Fared Around The World In 2024
Dec 11, 2024
Enda Curran, a global economy reporter at Bloomberg, discusses how economic factors influenced elections worldwide this year. Saranand Dume, a senior fellow at the American Enterprise Institute, analyzes the surprising shift in India's political landscape due to economic discontent. Stephanie Bolzen, North America editor at VELT, delves into the rise of right-wing parties in France amidst public unrest. Together, they examine how these democratic changes reflect broader geopolitical trends and challenges across continents.
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Quick takeaways
- India's recent elections highlight voter dissatisfaction due to economic inflation, forcing the ruling BJP to adopt a more cautious policy approach.
- The surprising electoral successes of independent candidates in Pakistan emphasize ongoing military influence and raise concerns about the legitimacy of the democratic process.
Deep dives
India's Election Setbacks and Political Shifts
In a surprising turn, India's ruling party, the BJP, faced backlash in recent elections, securing fewer seats than anticipated and forcing the formation of a coalition government. This outcome reflects growing dissatisfaction among the electorate, primarily driven by economic concerns such as inflation and the rising cost of living. In response, the BJP has adopted a more cautious approach in policy-making, shifting focus from aggressive economic reforms to addressing state-level politics. Analysts speculate on the future of Prime Minister Modi's leadership, particularly with questions surrounding his potential candidacy in the next election as he ages.
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