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Beginning in 1947, India began to assemble a full parliamentary democracy. The early omens did not look promising. Modern academic models suggest that democracies rarely succeed in poor countries. In one study, the Polish-American political scientist Adam Przeworski found that countries below a certain level of GDP—$6,055 per head, to be precise—almost never manage to sustain democratic government.
The Billionaire Raj: A Journey Through India's New Gilded Age
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