We present a simple model that illustrates how democracy may improve the quality of economic institutions. The model further suggests that institutional quality varies more across autocracies than across democracy and that the positive effect of democracy on institutional quality is increasing...

The results of the first decade of economic transition are very uneven and are distributed according to a sub-regional pattern. The group of 'leading reformers' consists of middle-income countries of democratic capitalism of the Central Europe and Baltic region (CEB). The second group of less...

Supported since ancient times, the need for change of regime that violates the most basic rights of people nowadays become possible now become possible due to the transformations that modern society lives by imposing a universal legal order, the principle of legality and equality of men are...