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- W2177994440 abstract "Recent decades have witnessed an unprecedented expansion of democracy. During the third wave of democratization, as described by Samuel Huntington, democracy spread well beyond its historical boundaries and it is now adopted in all major regions of the world. Yet, not all democracies are equally effectual in delivering good governance and progrowth policies. Why do democratic institutions induce good governance and prosperity only in some economies? This paper presents an overview of the dimensions along which successful and unsuccessful democracies differ. It argues that four socioeconomic variables are of critical importance to create and maintain a well-functioning democracy: (i) social capital, (ii) information, (iii) education, and (iv) equality. History also plays an important role as do the contingencies characterizing the collapse of authoritarian regimes and the emergence of democratic institutions." @default.
- W2177994440 created "2016-06-24" @default.
- W2177994440 creator A5048770432 @default.
- W2177994440 date "2015-09-01" @default.
- W2177994440 modified "2023-10-16" @default.
- W2177994440 title "Democratic Government and Development: A Survey" @default.
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- W2177994440 doi "https://doi.org/10.1162/adev_a_00055" @default.
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