View metadata, citation and similar papers at core.ac.uk brought to you by CORE provided by Munich RePEc Personal Archive MPRA Munich Personal RePEc Archive Are Democratic Regimes Antithetical to Globalization? SK Mishra 17 December 2017 Online at https://mpra.ub.uni-muenchen.de/83321/ MPRA Paper No. 83321, posted 19 December 2017 05:01 UTC Are Democratic Regimes Antithetical to Globalization? Sudhanshu K Mishra C-91 (GF), Avantika Rohini Sector-1, Delhi (India)
[email protected] Mob: 91-9862005729 Abstract In this study we have made an attempt to investigate into the relationship between political regime type (that ranges from authoritarian to democratic) and the extent of globalization, which of late has been considered as a path to development. We have made use of the Democracy index (and its constituent indicators) provided by the Economist Intelligence Unit and the globalization index (and its constituent indicators) of the KOF. Applying canonical correlation analysis on the data we have made an attempt to look into the response of globalization to the quantitative measures of democratic (versus authoritarian) practices of the governments in 116 countries distributed over Asia, Africa, Australia/Oceania, Europe and the Americas. We have also tested the Lee thesis in the context of globalization as a path to development. Our findings indicate that the empirical support to Lee’s thesis if extended to globalization as a path to development is superficial and does not withstand critical analysis. Contrary to Lee’s thesis, democracy promotes globalization. In African countries political discordance (at the national as well as international level) is not much favourable while in the Asian countries, political will, irrespective of regime type, is more or less in concordance with globalization.