POL101Y1 Study Guide - Final Guide: Liberal Democracy, Thrall, Sub-Saharan Africa
Document Summary
Fukuyama: argued that history was different from what thinkers on the left had imagined, process of economic & political modernization wasn"t leading to communism, as. Marxists had asserted and soviet avowed, but to a form of liberal democracy & a market economy: history appeared to culminate in liberty: Elected governments, individual rights, an economic system in which capital and labor circulated with relatively modest state oversight. Russia is a menacing electoral authoritarian regime fueled by petrodollars, seeking to bully its neighbors and take back territories lost when the soviet union dissolved in. China remains authoritarian but now has the 2nd largest economy in the world, as well as its own territorial ambitions in the south and east china seas. Lanka, nicaragua have been backsliding into authoritarian practices: romania and bulgaria, are still plagued by corruption, us & european union, developed democracies, experienced severe financial crises in the past decade.
