The democratic deficit refers to
A) the tendency for modern democracies to build up gigantic national debts
B) the process by which government borrowing must be approved by popular elections
C) the failure of modern institutions of global governance to be subject to the will of the people
D) a complaint often heard from fuzzy-minded idealists at the World Economic Forum
E) none of the above

Question

Quizplus · Accepted Answer

The democratic deficit refers to the lack of accountability and transparency in global institutions such as the World Bank and the International Monetary Fund. Many argue that these institutions are not subject to democratic processes and are not accountable to the citizens of any particular country. This lack of democratic input has led to criticism and calls for reform from activists and scholars alike.

The Democratic Deficit Refers to