He says president is unlikely to do so. The lack of concrete presidential action leads Nemtsov to conclude that the democratization and modernization of Russia remain impossible.

VOA: standard.2009.11.12

Finally, for the last lecture for this semester, I want to pull this together and talk about one of the themes that is summarized in terms of a theme of this course: the democratization of finance.

这学期的最后一节课,我想把这些内容融合在一起,讲讲我们这门课程,总的一个主题,那就是金融民主化

耶鲁公开课 - 金融市场课程节选

So the democratization of finance is, I think, the ultimate mission of--I find central to this course but it brings with it dangerous hazards and we have to think very carefully about how we do it.

因此,我认为金融民主化,是我们这门课的根本使命,但由此而来的金融危机,使我们深思该如何应对

耶鲁公开课 - 金融市场课程节选

"These are all part of the process of engagement with them, with the view of delivering on what is the objective which is democratization of Myanmar and respect for human rights, and in effect restoring Myanmar to respectability as a member of the international community,".

VOA: standard.2009.08.11

The problem, of course, with the democratization of finance is that if you raise the participation in financial markets, then you bring in people who are: less and less knowledgeable; less and less understanding of concepts of finance; and less capable and more vulnerable to exploitation.

问题在于,随着金融的民主化,越来越多的人参与到金融市场里来,有些人,受教育程度较低,对金融概念不了解,没有专业能力且容易被人利用

耶鲁公开课 - 金融市场课程节选