Don't ask 'Why is there still poverty?' but why any place got developed at all by Tibor Rutar, University of Maribor (Slovenia)
There is strong evidence that democracies above a certain income threshold – roughly $6,055 of GDP per capita in constant 1985 purchasing power terms – rarely break down, with only a few exceptions. Adam Przeworski et al. first established this pattern in a dataset spanning 1950-1990. Above, the figure shows the pattern still mostly holds from 1990 onward.
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