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Super. You explain the concept in a very easy to grasp way. I've been having trouble understanding for the longest time Thanks a bunch for the graph too, very useful!
M.
Commented Sep 27, 2011 on Can you get rich without democracy? at Dani Rodrik's weblog
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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