Consider the following statements regarding political regime theories:
Statement 1: The Theory of Democratic Transitions suggests that democratization is a process involving necessary preconditions, such as the socio-economic structure of a society.
Statement 2: The Modernization Theory posits that as nations achieve higher levels of wealth, they are less likely to shift towards democratic forms of government.
Statement 3: The Theory of Authoritarian Durability argues that non-democratic regimes can achieve stability by controlling aspects of economy, information, and coercion.
Which of the following options correctly match the statements?
1
Only Statement 1 is correct.
2
Only Statements 1 and 3 are correct.
3
Only statements 2 and 3 are correct.
4
All statements are correct.