"The democratic backsliding is strongest in Eastern Europe, as well as South and Central Asia."
"According to V-Dem, the world now has fewer democracies than autocracies for the first time in over 20 years."
"The polls sent a collective message of frustration into the universe, as citizens angry with rising prices and the political status quo voted out a large portion of incumbents around the world."
"Approximately 72% of the world population now lives in autocratic states, the highest share since 1978."
The year 2024 marked a record in global electoral engagement, with over two billion votes cast amid widespread dissatisfaction with economic conditions. This shift led to a notable decline in liberal democracies, with autocratic regimes now outnumbering democratic ones for the first time in 20 years. According to the Varieties of Democracy (V-Dem) project, around 72% of the global population lives under autocratic governance. A detailed examination of regime changes reveals significant democratic backsliding, particularly in Eastern Europe and parts of Asia, where former democracies are rapidly transitioning to autocracies.
Read at 24/7 Wall St.
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