Democracy and neo-liberal globalization

Although the accelerated globalization of recent decades has flourished in tandem with a notable growth of liberal democracy in many states where it was previously absent, it would be hard to say that the prevailed processes of neo-liberal globalization foster development of global democracy.On the contrary, globalization has undercut traditional liberal democracy and created the need for supplementary democratic mechanisms.But, suprastate democracy of regional and transworld regimes as well as potential unofficial channels, such as global marketplace, global communications, and global civil society, have shown many democratic deficits rather than democratic credentials.the most serious problem in the relationship between democracy and globalization is, however, related to differences among the global cultures and/or civilizations.KeyWords democracy, neo