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political economics

“There are no longer respectable alternatives to democracy; it is part of the fashionable attire of modernity. Thus the problems of governance in the 21st century will likely be problems within democracy. This makes them more difficult to handle, wrapped as they are in the mantle of legitimacy” (Zakaria, 1997). Building on this quote, present an argument on the most critical challenge facing democracies in the 21st century. Why is this a significant problem for democracies and how democracies effect economic activities of the any country?

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