Book chapter (electronic)
Economic Globalization, Democracy, and Political Behavior (2020)
in: Oxford Research Encyclopedia of Politics
The implications of economic globalization for economic policy, social policy, and party government have been well researched. But until recently one important topic has been relatively neglected: the effects of the process on mass political behavior, political parties, and electoral competition. As in the broader literature, two opposed theoretical approaches stand out: one inferring that globalization imposes "constraint" on actors, and the other that it generates incentives for efforts to "compensate" those disadvantaged by the process. Work on economic voting has established that economic globalization reduces the apparent effect of economic performance on vote for or against incumbents, although the explanations and implications remain a matter of debate. Testing expectations that economic globalization produces neoliberal party policy convergence within countries produces mixed results, some confirming and others refuting the claims of constraint theory. While there is an association between high levels of economic globalization and lower electoral turnout, an expected microlevel linkage by way of external efficacy has not been established. While economic globalization produces winners and losers, its effects on social and political cleavages vary between countries, although there is some evidence that economic globalization helps to promote the salience of a universalist/particularist or open/closed cultural cleavage. The ability to generalize from the research so far is somewhat limited by much of the literature's European focus. Theoretically, there is a need to move beyond the constraint/compensation debate, particularly in the wake of the global financial crisis (GFC), as a result of which globalization stalled and in some respects, began to retreat. The COVID-19 pandemic has thrown even more doubt on the future: the 'high years' of globalization may now be behind us, but the research questions thrown up by the process should remain alive and well.