Globalization
How Has Democratic Erosion Impacted Businesses?
The democratic weakening affected companies, generating uncertainty and reducing investment in essential data. Authoritarian decisions by the Trump administration, such as cuts in science and trade tariffs, influenced long-term planning and hiring of professionals. Hostility towards immigrants and cuts in education damaged key industries such as biotechnology and technology. The decline in tourism and interference in media also caused economic damage.
August 28, 2025