Less than 30 years after Fukuyama and others declared liberal democracy's eternal dominance, a third wave of autocratization is manifest. Gradual declines of democratic regime attributes characterize contemporary autocratization. Yet, we lack the appropriate conceptual and empirical tools to diagnose and compare such elusive processes. Addressing that gap, this article provides the first comprehensive empirical overview of all autocratization episodes from 1900 to today based on data from the Varieties of Democracy Project (V-Dem). We demonstrate that a third wave of autocratization is indeed unfolding. It mainly affects democracies with gradual setbacks under a legal façade. While this is a cause for concern, the historical perspective presented in this article shows that panic is not warranted: the current declines are relatively mild and the global share of democratic countries remains close to its all-time high. As it was premature to announce the "end of history" in 1992, it is premature to proclaim the "end of democracy" now.

Classifying political regimes has never been more difficult. Most contemporary regimes hold de-jure multiparty elections with universal suffrage. In some countries, elections ensure that political rulers are-at least somewhat-accountable to the electorate whereas in others they are a mere window dressing exercise for authoritarian politics. Hence, regime types need to be distinguished based on the de-facto implementation of democratic institutions and processes. Using V-Dem data, we propose with Regimes of the World (RoW) such an operationalization of four important regime types-closed and electoral autocracies; electoral and liberal democracies-with vast coverage (almost all countries from 1900 to 2016). We also contribute a solution to a fundamental weakness of extant typologies: The unknown extent of misclassification due to uncertainty from measurement error. V-Dem's measures of uncertainty (Bayesian highest posterior densities) allow us to be the first to provide a regime typology that distinguishes cases classified with a high degree of certainty from those with "upper" and "lower" bounds in each category. Finally, a comparison of disagreements with extant datasets (7%-12% of the country-years), demonstrates that the RoW classification is more conservative, classifying regimes with electoral manipulation and infringements of the political freedoms more frequently as electoral autocracies, suggesting that it better captures the opaqueness of contemporary autocracies.

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