Which of the following tends to increase when a country is becoming more democratic?
The resource curse theory suggests that countries with abundant natural resources, such as oil, often fail to democratize because the elite can live off the natural resources rather than depend on popular support for tax revenues. [ On the other hand, elites who invested in the physical capital rather than in land or oil, fear that their investment can be easily damaged in case of a revolution.
Consequently, they would rather make concessions and democratize than risk a violent clash with the opposition. ]
There are no new answers.