Posted on November 27, 2012So, economic development precipitates the growth of a middle class, which, in turn, ferments political reform, best manifested through democratisation. But does this transition promote further growth? The answer is ...
Posted on October 8, 2012Three weeks ago I argued that democracy often inhibits the economic growth of developing states. This is because democracy generally results in the diffusion of economic decision making throughout the ...
Posted on September 15, 2012As the world becomes increasingly fearful of the economic crisis which has emerged within the Eurozone, it seems poignant to contrast the fate of Greece, the home of democracy, and ...