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The Results about Polyarchy and Financial Centre Success
Infographic Instant with Bryane Michael
8 minutes 38 seconds
7 years ago
The Results about Polyarchy and Financial Centre Success
We find that financial centres balance democracy and autocracy, depending on trends in other international financial centres. Democracy can encourage financial innovation. Yet, autocracy can encourage 'focus' and cost-saving measures. The question is not whether an international financial centre benefits from becoming more democratic -- but whether it benefits by becoming more democratic RIGHT NOW.
