Modernization Theory Predicts That the Likelihood of a Transition to Democracy

question 41

True/False

Modernization theory predicts that the likelihood of a transition to democracy decreases with income, whereas the survival story predicts that transitions to dictatorship become more likely with income.

---

Definitions:

Principles

Fundamental truths or propositions that serve as the foundation for a system of belief or behavior, or for a chain of reasoning.

Bank Services

Refers to the various services and products offered by banks to their customers, such as checking accounts, loans, and financial advice.

Internal Control

Processes and procedures implemented by a company to safeguard its assets, enhance the reliability of its accounting records, and ensure compliance with laws and regulations.

Banking Activities

Operations carried out by banks, including deposits, loans, investments, and currency exchange.