Oct 24,2018 Special Forum Democratization in Asia: Lessons from the Americas Democracy, or the concept of rule by the people, is the idea of a system of government where individual preferences become public policy. It is called “liberal democracy” when the system protects the rights of individuals. Democracy is valued for both moral and functional reasons. The moral base of democracy is that it gives humans […] Louis Goodman Beijing Consensus , Liberal democracy , Monroe Doctrine , OAS , Socialism with Chinese Characteristics , Washington Consensus