Democratization and economic reform

Are democratization and economic reform in tension with each other, or are they mutually supportive processes? A survey of new democracies in Latin America, Southern Europe, and the postsocialist world suggests that the answer varies by region. In the postsocialist cases, the relationship is positive and robust; in the other two regions, the relationship is negligible. Region, however, cannot serve as the explanation. Instead, what emerge as critical-and what happen to vary by region are three factors that shape the relationship between democratization and economic reform: the timing of democratization, the agenda of transformation, and variations in governing mandates.