DID ECONOMIC DEVELOPMENT AND ECONOMIC GROWTH CONTRIBUTE TO THE DEMOCRATIZATION IN LATIN AMERICA IN THE 1980s? Modernization theory revisited
Democratic transitions have been associated with a high level of economic development and good economic performance according to modernization theory. However, until now no consensus has been reached about the specific form of the relationship. Thus, this study attempts to examine whether these suggested linkages hold evidence for the case example of Latin America by testing a linear as well as a