Money matters: how can people make the biggest difference?
This content was published on November 2, 2022
Advisory participatory budgeting can counteract distrust and build communities, while binding financial referendums are a powerful check on elected authorities, argues Yanina Welp in this conversation with Bruno Kaufmann.
The Argentine-born researcher at the Geneva-based Albert Hirschmann Centre on Democracy also suggests that participatory budgeting practices are more common in less well-developed democracies or even autocracies, while financial referendums are tools of political systems with strong democratic rights.
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