Intro; Democracy under stress; Table of contents; Foreword and acknowledgments; List of contributors; The crisis that shook the world; PART I Global economic crises and their political impact; Collapse. The story of the international financial crisis, itscauses and policy consequences; The impact of the Great Depression ondemocracy; PART II The economy and democracy; The crisis: possible impacts on economic systems and policy; Democracy, error correction and the global economy; The model of liberal democracy and varieties ofcapitalism; PART III An authoritarian response.

China and the crisis in historical perspectiveA new bi-polarisation?; Chinese crisis management: consolidated authoritarian capitalism as a new brand of political regime?; PART IV Towards a new global configuration; The Great Recession and its potential impact on popular culture in liberal democracies; Global solutions? Searching for democratic approaches to a new world order; Values, interests, power and democracy at a time of crisis; The consequences of the Great Recession: hypotheses and scenarios; Bibliography; Index.

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This book focuses on the global financial crisis of 2008-2009 and its implications for democracy. Why and how did the crisis come about? Are there any instructive lessons to be drawn from comparisons with the Great Depression of the 1930s? What are the democratic response mechanisms to cope with serious crises? Do they work? Is China a new trend setter? Do values matter? Are global democratic rules a possibility? These are some of the key questions addressed in the volume.

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