Economics, Societal Crisis, and Anxiety
Economics, Societal Crisis, and Anxiety
This chapter compares the political and economic crises that form the context for party-system collapse in Peru and Venezuela, analyzes the changes in vote share of governing parties during the crises of the 1980s and 1990s, and argues against the widely held belief that economic crisis deserves a central place in the explanation of party-system collapse. It explains that the broad societal crises only increased voter anxiety levels and expanded citizens' discomfort with the existing political system, which in turn enabled the subsequent process that more actively caused party-system collapse.
Keywords: political crises, economic crises, party-system collapse, Peru, Venezuela, governing parties, voter anxiety, political system
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