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Inside the Vault

Spring 2009

Which Came First—Democracy or Growth?

In today's world, most rich countries are democratic, and most dictatorships are poor. In the United States, democracy goes hand in hand with political institutions that promote economic freedom. Although most economists agree that economic freedom promotes growth, it is not clear that more political freedom improves economic performance.

Q & A

Economic Snapshot: Real GDP Growth: Compounded annual rates of changes

Bulletin Board

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