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What is the relationship between economic globalization and democracy?

What is the relationship between economic globalization and democracy?

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trade openness and portfolio investment inflows negatively affect democracy. The effect of trade openness is constant over time while the negative effect of portfolio investment strengthens. Foreign direct investment inflows positively affect democracy, but the effect weakens over time. The spread of democratic ideas promotes democracy persistently over time. These patterns are robust across samples, various model specifications, alternative measures of democracy and several statistical estimators.

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