A Re-examination of the Relation between Democracy and International Trade: The Case of Africa

Christopher Balding

No wp-2011-059, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: Scholars and policy makers believe that democracy will bring prosperity through integration into the global economy via increased international trade. This study tests two theories as to why democracies might trade more. First, political freedom may be correlated with economic freedom, thus prompting higher levels of economic activity, thereby driving states to trade more. Second, democracy implies higher quality governance either through institutions or policy-making procedures.

Keywords: Democracy; International economic relations; International trade (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (3)

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