Democracy and Economic Growth: Antagonists?

Democracy and Economic Growth: Antagonists? A proposition some prison terms leveled at advocates of democracy is that there is a tradeoff amidst a countrys economic growth and the sum of m aney of freedom or democracy that its citizens enjoy. Indeed, no less an agency than Singapores Straits Times has observed that one cannot eat democracy. An example raised to support this summit is that of India and China. It is argued that the formers democracy has crippled it, while the swaggering Communist Party in the latter lets it push done potentially controversial but necessary reforms that are healthy for the people in the long run. Of course, many more(prenominal)(prenominal) differences than freedom, or the lack thereof, account for the two countries relative economic fortunes. more(prenominal) importantly, counter examples can be put together; in Africa, the more elective countries South Africa, Nigeria and Botswana, for example - are also the richest and let on governed. Nobel laureate Amartya Sen has also observed that no famine has of all time occurred in a democracy.

One might question whether the drawstring of causation might not be mixed up; perhaps it is that prosperous countries can afford to be democratic and give their citizens freedom, while less well-off ones are not yet ready to be democratic, and that they must bide their time until they have developed sufficiently and are mature enough. Yet, a study[1] shows that if anything, democratization improves countries economic growth, even in poor, ethnically diverse, African countries exactly the sort which one would assume to be least suitable for democracy. Another[2] found that though democratization lowered economic growth in the short run due to intonation costs, it resulted in faster economic growth in the long run. Freedom Houses 1999/2000 report also found that poor countries classified as Free grew at more than double the rate of similarly poor countries classified as Partly Free. How, then, does democracy... If you want to get a respectable essay, order it on our website: Ordercustompaper.com

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