32) Moreover, they explain that what they call "realistic" analysis is akin to Peter Boettke's (2007) "mainline" in economic thought The latter provides a broader and more encompassing perspective on social phenomena than conventional macroeconomics It includes, for example, analyses of the relevant political regimes In chapter 2, Eusepi and Wagner thus develop some preliminary thoughts on the differences between monarchical and democratic regimes
as well as some implications for the analysis of public debt
One of the things he seems to be saying, at least implicitly, is that democratic regimes
whose rise in the Global South paralleled the rise of neoliberalism in the North don't really work when it comes to containing economic inequality.
On the surface, it is clear that in Pakistan the growth rate during military regimes was much higher than in democratic regimes
The studied examples have shown that the nature of non-democratic regimes
and the ways of their transition influence the consolidation of security bodies of new democratic regimes
in a predictable manner.
In democratic or a non democratic rule, whether the non democratic regimes
pave the way for growth in economy or democracy has the positive relations with the economical growth, the relationship was only prominent in long-term.
Their consolidation provides the internal strength to resist any other attempt to transfer the crisis to a political level, calling into question the nature of democratic regimes
But the new democratic regimes
in these countries are challenged by deficiencies and political turmoil, which could hardly sustain consolidated mass support for democracy.
The current crisis in the advanced countries, which may very well lead to a global recession (if it is not already doing so), not only reveals the many maladies of democratic regimes
, but also acts as their incubator and accelerator.
Another 55 states have partially democratic regimes
, including Italy, France, Poland, Ukraine, Moldova, Baltic states.
As we have repeatedly said democratic regimes
do not accept violence as a way to seek one's rights.
The PML-N Chief observed that it is consistent democratic regimes
in India that have blocked the way to terrorism there, it added.
But the authors only deal with social class in passing, assuming without evidence that more formally democratic regimes
provide more input from working-class people.