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Political scientists have long debated the relationship between economic development, the rule of law, and democracy. This debate has recently taken on newfound salience as some major developed economies are experiencing increasing economic polarization, along with financial strains for the middle class. At this precipitous moment, this article revisits the interwoven connections between democracy, economic development, and the rule of law. The rule of law is deeply connected to economic and social development and to democratic institutions. A functioning democracy requires a legal framework that sustains its institutions over time. Yet, law can also restrict and undermine personal freedom and suppress creative innovation. Sorting out the complex interrelations raises daunting empirical and value-laden questions. This article reviews efforts to understand how law, democracy, and development interact.
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Rose‐Ackerman et al. (2026) studied this question.
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