Janet Yellen Champions Democracy as Economic Linchpin Amid Global Challenges

In Arizona, the U.S. Treasury Secretary argues that robust democracies fuel economic strength, contrasting with authoritarian regimes.

Yellen emphasizes the intrinsic link between democratic systems and economic prosperity, citing a study that democratization boosts GDP per capita by 20%.
Her speech in Sedona highlights the economic dangers posed by democratic erosion, a concern heightened by recent political events in the U.S.
Yellen criticizes efforts to undermine democratic processes, referencing the January 6 Capitol riot as a pivotal threat.
In response to global authoritarian trends, she asserts that maintaining democratic integrity is crucial for sustainable and inclusive growth.
The Secretary’s remarks come as part of a broader effort to promote economic policies that ensure no American community is left behind.