Political Accountability in Modern Liberal Democracies. A Sociological Case Study of Iceland and the Panama Papers

On the 3rd of April 2016, the offshore secrets of the world’s political and financial elites were made public, as a year-long investigation of one of the biggest data leak in history came to fruition. The so-called Panama Papers contained the names of heads of governments, celebrities, criminals and CEO’s; and heavily represented in the leaked files, were the names of high-ranking Icelandic politicians and elected officials. This master’s thesis is a sociological case study of Iceland and the Panama Papers, focusing on the political accountability process sparked by the huge data leak. Using a single-case, process-tracing approach, in congruence with an explorative design and a grounded theory approach to theory development, this thesis seeks to develop a conceptual framework for assessing the relative success of political accountability processes. Analysing the empirical case of Iceland and the Panama Papers through this framework, this thesis will argue that successful political accountability can be achieved in modern liberal democracies, despite the challenges of globalisation and digitalisation. By incorporating the global reach of a new type of activists, and integrating the technologically resourceful journalist collective into the accountability process, political accountability processes can catch up to the globalised elites and overcome the challenge of information overload.