![]() ![]() democracy produce a political outsider as Donald J. Why is the electoral process not enough to rid these systems of such seemingly pathological political distortions? And why do such systems sometimes end up being ruled, even hijacked, by the likes of Recep Tayyip Erdoğan, Rodrigo Duterte, Vladimir Putin, or Hugo Chavez? How could the U.S. Yet many of these countries retain features of clientelism, patronage politics, cronyism, and pervasive political and bureaucratic corruption, all features more commonly associated with autocracies. Before that, the 1990s saw a surge in the number of countries inching towards partial or full democracy, including continental shifts in Africa and Asia. The early 2000s have witnessed the highest share of the world population living under democratic regimes ever recorded in history. On September 23, Harvard Law School and the Stigler Center at Chicago Booth will hold a joint conference that will explore the resemblances between Donald Trump and other populist plutocrats around the world and provide a unique international perspective on the challenges the United States is currently facing. This is the second installment of ProMarket’s new article series on populist plutocrats. Why is the electoral process not enough to rid nations of pathological political distortions such as cronyism and corruption? He was also a Visiting Professor of Economics at Stanford University during 2017–18. Professor Trebbi holds a PhD in Economics from Harvard University and was on the faculty of the University of Chicago Booth School of Business from 2006 to 2010 and the University of British Columbia from 2010 to 2020. His primary teaching interests are in political economy and applied economics more broadly. He has worked on political institutions and their design in consolidated democracies and in autocracies, as well as on electoral campaigns and campaign finance, lobbying, housing and banking regulation, and public administration. This is an area of investigation that touches multiple fields within the economic discipline, from economic development to public economics, and within political science, from comparative politics to methods. Trebbi focuses on the organization of nonmarket environments (government, special interest groups, military forces) and their interaction with the economy. ![]() Francesco Trebbi is Professor of Business and Public Policy at the University of California Berkeley's Haas School of Business, Research Associate of the NBER, and a Research Fellow of CEPR.
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