PL SC 003 Chapter Notes - Chapter 6: Government Debt, Resource Curse, Fixed Asset
Document Summary
Argues that all societies pass through the same historical stage of economic development. People thought the largely agricultural roots of countries in. Slowly led to belief that these were third- (cid:449)o(cid:396)ld (cid:272)ou(cid:374)t(cid:396)ies (cid:271)e(cid:272)ause the(cid:455) did(cid:374)(cid:859)t look like the us (cid:858)(cid:455)et(cid:859). Predicts that democracies are more likely to arise if countries emerge and survive as countries develop and become richer. The survival story predicts that democracy is more likely to survive as countries develop and become richer, but it is not more likely to emerge (income has no effect on democracy). Gdp: (cid:272)ou(cid:374)t(cid:396)(cid:455)(cid:859)s g(cid:396)oss do(cid:373)esti(cid:272) p(cid:396)odu(cid:272)t di(cid:448)ided (cid:271)(cid:455) size of populatio(cid:374). Kind of transition a country experiences is a function of income. Need to look at how income effects the probability of regime transition = number of transitions/number of country years *(income level). Number of transitions from dictatorship or democracy (the probability equation above) Going from dictatorship to democracy is more likely than the vice versa.
