New Year is the time when both individuals and governments declare new goals and ambitions. Remarkably, 2024 will be a record year for elections with over 50 scheduled presidential, government and regional elections in countries around the world including many in its largest democracies. Electors in the US, the UK, the EU, and many Asian countries including India and the Philippines have the chance to set new directions for their nations.

Robert Puentes best said it in his article in January 2015, originally published in the Washington Examiner and subsequently published in Brookings (2023) Rotten Roads, Bum Economy: