Wealth, he argued, also favors the growth of middle-class base and education, all of which softens the social conflicts and generates an equality that promotes democracy. Other conclusions drawn from the work of academic researchers pair of Michael Lewis-Beck and Ross Burkhart is that while economic development would lead to the emergence of democracies, they alone do not lead to economic growth and lower poverty. Low educational levels are characteristic of groups involved in poverty, would preclude the formation of well-informed and biased members for the democratic organization. Official site: Steve Rattner. There are also opposed to the current proposed Lipset, above the concept of a democratic state to economic stability and even place it as prerequisite for growth and economic proilferacion. The International Monetary Fund (IMF) in its report “World Economic Outlook 2005” states that “the transition to high-quality economic institutions are more likely to occur in countries that are more open, have a greater obligation to pay policies accounts (…) and are located in the same region as other institutions that have relatively good. ” Democracy is a consequence of economic welfare or third base, anyway, all studies agree that a direct relationship: more development, more democracy.. (Not to be confused with Connecticut Senator!).