Friday, August 7, 2009
If you plot a scatter diagram with democracy representing the X-axis and capitalism as for the other – you will have countries like US and UK positioned somewhere on the top right corner and some developing countries that have low economic creation with political conflict, civil wars and less developed democratic institutions such as those in the South African parts at the lower left end corner. In between you will have scattered dots of countries and few extremes that reside beyond the majority population. READ MORE
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