When democracies and autocracies are seen as interchangeable targets, the language of democracy becomes hollow, and the incentives for democratic governance erode.
Sarah Yerkes, Amr Hamzawy
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The U.S. Inflation Reduction Act, now headed to President Biden’s desk for signature, is predominantly a domestic bill – with huge ramifications for U.S. energy, decarbonization, industrial policy, and health care. But its ripple effects will be global, with some big potential impacts on emerging and frontier economies.
Carnegie does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.
When democracies and autocracies are seen as interchangeable targets, the language of democracy becomes hollow, and the incentives for democratic governance erode.
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