What Are the Virtues and Downsides to Instruments of Direct

question 121

Essay

What are the virtues and downsides to instruments of direct democracy, such as the referendum, the initiative, and the recall?

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Definitions:

Economic Manager

A role typically undertaken by governments or policy-makers aimed at overseeing and directing the economic policy and financial health of a country.

Monetary Policy

A central bank's process of managing the money supply and interest rates to influence economic activity.

Economic Policy

Actions taken by a government to influence its economy, including fiscal policy, monetary policy, and trade policy.