The Results about Polyarchy and Financial Centre Success

26/03/2018 8 min
The Results about Polyarchy and Financial Centre Success

Listen "The Results about Polyarchy and Financial Centre Success"

Episode Synopsis

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.