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Over the period 1900–2023, more than half of all episodes of autocratization (democratic backsliding) take a U-turn shape in which they are followed by subsequent democratization. In the last 30 years, nearly three quarters of autocratization episodes are followed by democratization.

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#DemocracyResurgence #Autocratization #PoliticalHistory #GlobalTrends #DemocraticBacksliding
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Countries that experience democratic backsliding are more likely to face downgrades in their bond ratings 📉. The erosion of democratic institutions (e.g. electoral accountability 🗳️, institutional checks and balances ⚖️) increasing the likelihood of reckless economic policies 💸 and default.

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#DemocraticBacksliding #BondRatings #EconomicPolicy #InstitutionalIntegrity #FiscalResponsibility
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