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Globalization, Positional and Valence Politics, and the Global Financial Crisis

Chapter in book
Authors Jack Vowles
Georgios Xezonakis
Published in Vowles, J. & Xezonakis, G. (Eds.) Globalization and Domestic Politics: Parties, Elections, and Public Opinion
ISBN 9780198757986
Publisher Oxford University Press
Place of publication Oxford
Publication year 2016
Published at Quality of Government Institute (QoG)
Department of Political Science
Language en
Links dx.doi.org/10.1093/acprof:oso/97801...
Keywords globalization, left‐right, valence issues, leadership, economic voting, economic voting, economic voting, government competence, global financial crisis
Subject categories Political Science

Abstract

Recent research suggests that globalization could be a factor that undermines economic voting and the salience of the left–right economic dimension for individual voting decisions. But the claim that the effects of ideology are reduced by globalization remains contestable. If ideology is in decline, this suggests that voters will compensate by weighting more their attitudes on non‐economic ideological dimensions or their partisanship. Extending this logic, if voting on the economy and the left–right dimension is reduced, broader ‘valence’ issues should come to the fore: evaluations of government performance and competence primarily expressed around leadership preferences. We explore our hypotheses with data from Module 3 of the Comparative Study of Electoral Systems, from elections conducted both before and after the global financial crisis.

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