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Democracy, Capitalism, and Equality: The Importance of Impartial Rules

Throughout the history, the transition from autocracy to democracy has been regarded as a sign of progress. However, research from recent decades shows that the early stages of democratization can lead to worsening political stability and economic downturns, which in turn negatively affect economic growth.

Democracy, Capitalism, and Equality: The Importance of Impartial Rules ...

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