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New index of economic democracy: Can it predict sweeping change in countries?

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The message delivered loud and clear by Donald Trump’s US election victory and a decision by the British to leave the European Union is that economic democracy is growing in importance.

The gap between rich and poor, which will be underscored at the annual gathering of the wealthy and influential at the World Economic Forum in Davos, Switzerland this week, has reached a tipping point in many countries.

Voters are signalling discontent that their lives have not improved for at least a decade, while an elite has grown wealthier and jobseekers from other nations have filtered through porous borders to take jobs.

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