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FLachenaud
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What about Hong Kong and Macau ? If you consider them independently from mainland China, I think they would be pretty close to Singapore on the chart even though they are different kinds of "dictatorship". Maybe Hong Kong could be a more suitable model for mainland China than Singapore
Can you get rich without democracy?
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). This scatter plot co...
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Aug 5, 2011
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