News and Analysis

Dr Javier Sierra has been awarded one of the five BBVA’s financial education grants

Dr Javier Sierra has been awarded one of the five BBVA’s financial education grants. These grants are awarded to projects seeking to resolve challenges from the pandemic. His project focuses on the design and implementation of an experiment in different schools in Castile and Leon. Its goal is to measure the effectiveness of a simulation based on active learning as a strategy to teach financial education.

This initiative will study the effects that practical experience and applying theories to real cases could have on students’ learning for topics related to financial education. The results of the research project will serve to learn more about young people’s educational weaknesses in this subject, possible problems related to their learning, and the potential of simulations as an instrument to reinforce teaching in this field.

We congratulate Dr Sierra for his excellent initiative.

Nathalia Berkowitz writes a report for the Council of Europe on judicial practice in relation to child sexual exploitation

Nathalia Berwokitz, a lecturer in our program, has written a report for the Council of Europe on judicial practice in relation to child sexual exploitation that has just been published.

Nathalia is a law reform expert and lawyer with working experience on sexual offences and trafficking in persons. Her background includes experience as a court advocate, a Ministry of Justice lawyer, a legislative drafter, a senior court manager and as an international advisor.

To access the report click here.

Fernando Lopez-Alvez publishes: The Undemocratic Future of 21st Century Liberal Democracy

Our director, Fernando Lopez-Alvez, has recently published an article called The Undemocratic Future of 21st Century Liberal Democracy. This piece has been published at our partner Academicus International Scientific Journal.

Abstract:

What is the future of liberal democracy? Is the “liberal” ingredient of 21st century democracy compatible with its “demos”? Are developed democracies more equalitarian and less stratified than other regimes? Or are present day democracies evolving into something different that needs a new definition? By the early 1990s liberal democracy appeared to have become the dominant system at a global scale. The hope of citizens, scholars, and observers was that the stride toward broader democratization and inclusion would continue. It did, but as this paper argues, the forms adopted by democratic regimes, especially under the fourth industrial revolution, are not necessarily democratic. Rather, liberal democracies have created a new aristocracy that includes high tech monopolies, extremely skilled professionals, and a selected intelligentsia that from social media, conglomerates, and many times Hollywood, supports this new stratified version of the democratic polity. Family dynasties, clientele networks, and mechanisms of reward and punishment reminds us of the pseudo democracies of the late 19th century. Surely the dwindling middle class in developed democracies still have some consumer power based on credit. Global markets offer many more available consumer goods than in the past, creating the illusion that all is going well. Comparatively, however, democracies are doing worse. As this paper shows, 21st century liberal democracies have concentrated wealth in fewer hands than in the recent past, have favored power centralization especially in the executive branch, have stimulated the formation of giant high-tech monopolies, and have generated more rigid forms of social stratification. Liberal democracies, therefore, are weaking, in many cases as the logical consequence of the natural evolution of the liberal doctrine, and in most cases because of profound changes at the global scale. Citizens’ confidence in their elected representatives has been in the decline for a long time. The increasing influence of populist nationalism is an indicator that confidence in traditional politicians continues to deteriorate. Democracy could not be democratic without the popular vote, but it has been precisely the popular vote that has empowered populist nationalist leaders, both from the right and the left. There is not very much that democracies can do about the coming to power via the ballot box of leaders who can rework the system in their favor and, in some cases, destroy it. As the paper shows, changes in the international system of power have not been favorable to liberal democracies, adding to its burdens. They are no longer the optimal model of choice, especially in the less developed world. Finally, I claim that the broken promises of political elites that have traditionally provoked voters’ apathy and loss of trust, have, In the 21st century, created new unintended consequences. They have generated illusions of entitlement and deservingness that, especially young voters, have converted into a sort anti-democratic culture that cares less for the collective and much more for themselves.


Keywords:
liberal democracy; globalization; United States; China; Fourth Industrial Revolution; populist nationalism

Full text available in PDF: Academicus-MMXXI-24-039-059.pdf

Digital Object Identifier (DOI): http://dx.medra.org/10.7336/academicus.2021.24.03

How to make money. The art of starting and leading a business

George Benaroya, a CFO with a career at Procter & Gamble, Tetra Pak, Nivea, and now Private Equity who lectures at NYU and University of Salamanca, will show participants How to Create and Lead a business or Non-for-Profit. The material is a selection from his Finance for Marketing class at NYU (New York University) and his classes at the University of Salamanca. The event, free to everyone, is managed by Learn with Leaders, an organization created to democratize education. 

To register go here: https://nyu.zoom.us/webinar/register/WN_XFhNf-VpTTCqApC75vdnCA