POL101Y1 Lecture Notes - Lecture 15: Liberal Democracy, Escalator
Document Summary
Week 4 lecture date: february 1, 2016 at the end of history still stands democracy fukuyama. Thesis: fukuyama s theory that western liberal democracy signifies as the end to history, following the end of the cold war, still stands. However, fukuyama adds that the observance of broad historical trends does not solely rely on shortaterm developments, but rather, it is the longaterm sustainability that indicates a durable political system. Economic and political systems have changed dramatically over the last two generations. Economy: the world economy saw a massive increase in output, roughly quadrupling between the early 1970 s and the financial crisis of 2007a2008. o. This was because of the liberal system of trade and investment that has knit the world together, even communist countries like china and vietnam. Politics: from 35 electoral democracies in 1974 to 120 by 2013, this embodies the. Third wave of democratization that the late harvard political scientist samuel huntington explains in the year 1989.
