Unlocking the Key to Economic Growth: The Democracy Maximum Revealed
The article "Democracy as a Curve" explores how democracy affects economic growth. The researchers use a new idea called "political capital" to measure democracy. They find that when a country first becomes more democratic, its economy grows faster. But as democracy continues to increase, the economic benefits decrease. In some cases, too much democracy can even slow down economic growth. The researchers suggest that a democracy level of around 6 out of 10 is best for maximizing economic growth.