Financial Crisis Management and the Rise of Authoritarian Populism: What Makes Hungary Different from Latvia and Romania?

Abstract

Within the context of the debates on the worldwide rise of populism, this article aims to uncover factors that may reduce the vulnerability of a system to populist challenges. Based on existing theories, Hungary, Latvia and Romania are all susceptible to populism but authoritarian populism has emerged only in Hungary. This puzzle is addressed through examining the process of financial crisis management in the three cases and its impact on the political system. Comparative analysis shows that paternalistic expectations of the state and the government’s willingness to accept Russian support distinguish Hungary from Latvia and Romania.