Tuesday, August 09, 2011

Politics & Wealth: Can you get rich without democracy?

Dani Rodrik via theEconomist:

Yes if you are an individual, but probably not if you are an entire country. As the figure below shows, there are very few countries that have developed beyond $5,000 in 2005 PPP dollars without becoming democracies somewhere along the way (unless they are an oil economy).

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