PSCI252 Lecture 7: Regimes and Economic Development

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Democracy tends to be correlated to higher economic development. Economic prosperity leads to democracy and good governance ? ic. Large middle class - moderating population (avoids extreme policy very poor or the very rich) y from the. Examples of democratic transition based on economic development. Democratization in the late 1980s and end of the military regime. Arbitrary exercise of government power (e. g. expropriation of proper. Rent-seeking (gaining profits by gaming the rules rather than throu productive activates) operty) rough. Rule of law vs. rule of man vs. rule by law. Rule of law - everyone is bound by impartial and neutrally enforced framework. Rule of man - decisions are made at the whims of powerful individu policy to follow) Rule by law - a group of elite uses law to implement its preferences developed by a elite group used to serve their interests ces; law ced legal iduals (no. Petty corruption (e. g. bribery of police officers and public officials)

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