Þorvaldur Gylfason
Abstract
Based on statistical measures of different degrees of democracy vs. autocracy, this article briefly reviews the progress of democracy around the world during the past 212 years and places democratic developments in Africa since 1960 in that context, stressing the beneficial effects of political democracy on economic growth.
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Based on statistical measures of different degrees of democracy vs. autocracy, this article briefly reviews the progress of democracy around the world during the past 212 years and places democratic developments in Africa since 1960 in that context, stressing the beneficial effects of political democracy on economic growth.
Key concepts: Autocracy, Democracy, Context (archaeology), Politics, Political science, Development economics, Political economy, Sociology