Preview

How Does Democracy Affect Economic Growth

Powerful Essays
Open Document
Open Document
1425 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
How Does Democracy Affect Economic Growth
The relationship between democracy and economic growth has generated much controversy, research, and even bewilderment. If economic development is an expression of the level of development of societies, it will also be compatible with the level of democratic development. Democracy will become a catalyst and engine of economic and social development in society. To what extent does the economy affect the building of democracy? Is democracy a condition for economic development, or is economic development laying the foundations of democracy? These questions needed to be answered in terms of features of democracy that are closely related to economic growth to understand such relation. This paper reviews aspects of the democracy impact on economic growth as well as addressing the inverse relationship of growth to democracy, with the aim of identifying important effects and adverse influences.

Attention to the economic context of the Arab revolutions is justified on several practical and theoretical levels. The birth of
…show more content…
In terms of other aspect, it will lead to rational management of economic and human resources. Ease access to information, transparency in economic transactions, making space for highlighting deficiencies and inefficiencies in government agencies and economic institutions, detecting abuses and perverse practices and helping to improve the performance of organs and institutions. And helped fight corruption. We may not be exaggerating if we say that achieving and sustaining development is inextricably linked to democracy. The process of development is not only influenced by democracy but also affects it. The relationship between economic growth and democracy is controversial and has a reciprocal

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Jacksonian Democracy Dbq

    • 445 Words
    • 2 Pages

    A democracy is based off of the majority rule over the minorities. The development of democracy between 1820 and 1840 was contributed by many factors, but two main factors such as the Jacksonian economic policy and changes in the electoral politics influenced the development exceptionally.…

    • 445 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    d) Democracy helps economic growth because the leaders allow free team picking, which promotes innovation which has a correlation to economic growth, but the leaders tend to focus on re-elections…

    • 4257 Words
    • 18 Pages
    Good Essays
  • Powerful Essays

    Chapter 33 APWH Notes

    • 1634 Words
    • 7 Pages

    The great appeal of democracy is that it allows for the peaceful resolution of differences between a country’s social, cultural and regional groups. Democratic institutions gained ground in Eastern Europe and in Russia during the last decade. Since 1991, democracy has become the norm in Latin America.…

    • 1634 Words
    • 7 Pages
    Powerful Essays
  • Better Essays

    Ap Comparative Government

    • 1713 Words
    • 7 Pages

    Since the beginning of America’s democratic success in the late eighteenth century, countries around the globe have strived to mimic a form of government that reflects the freedom to be politically competitive. The overall successes of these democratic countries are what draw global attention. Yet even those countries who reflect the most democratic political atmospheres fail to fully encompass a legitimate liberal democracy due to such a reality being impossible. Though there is no true liberal democracy, there are still those countries within the world today that reflect various aspects of a growing democracy. Such democratic growth is subject to the…

    • 1713 Words
    • 7 Pages
    Better Essays
  • Good Essays

    What demographic and socioeconomic factors do you think are related to democracy? Wealth? Education? A homogeneous population? Can you find countries that don’t meet your expectations?…

    • 1200 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Many revolutions throughout the course of history have changed our world immensely. They’ve brought about anger and happiness, debt and wealth, and change—both for the good and bad. The American Revolution of the 1700s and the present day Arab Spring revolution are two profound examples of revolutions that have affected people and county’s around the world and impacted history. Although centuries and miles apart, these two revolutions share many similarities. The American Revolution and Arab Spring are similar because they both erupted due to an unsuitable and unjustifiable government, caused people to feel restless and restrained by unjust restrictions in society, the government, and economics, and included a period of terror during the revolution.…

    • 1137 Words
    • 5 Pages
    Good Essays
  • Satisfactory Essays

    Carl Becker

    • 728 Words
    • 3 Pages

    “Industrial prosperity” has been known to be a precursor to the successful flourishing of democracy in many countries. When there is an increase in the supply and demand of industrial goods, everything involved from economic activity as well as import/export endeavors expand greatly. When these things happen as a combined equation, democracy is bound to follow.…

    • 728 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    Democracy vs Capitalism

    • 2445 Words
    • 10 Pages

    From the very beginning of human existence until today, the idea of capitalism has conquered the way we live, how we bring in capital and the way we buy and sell. Only during the past few decades has the ideology of modern democracy been developed and used, with many nowadays trying to bring apart the two ideas of democracy and capitalism. This study of the capitalism and democracy will look at both sides and arguments for and against followed by the detailed look into the relationship between the two.…

    • 2445 Words
    • 10 Pages
    Powerful Essays
  • Good Essays

    Soil of Democracy

    • 450 Words
    • 2 Pages

    The U.S. has a free enterprise meaning that the people have control over economic decisions and in turn making it possible to to make independent political decisions. When people do not have control over their economic lives they tend to become disgruntled and unhappy and this is when a democracy tends to fail. Growing stable economies are where a democracy is more likely to succeed.…

    • 450 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Instructional Setting

    • 1088 Words
    • 5 Pages

    The main campus of Olivet Nazarene University is in Bourbonnais, IL, approximately 55 miles South of Chicago. The school of graduate and continuing studies consists of faculty, who live in the Bourbonnais area, and adjunct instructors who can live anywhere in the United States. All of the faculty subscribe to a statement of faith which binds them together as they strive to provide education with a Christian purpose. There are many faculty development initiatives for instructors. Webinars, faculty development days, and frequent communication across departments help to provide a cohesive, strong sense of culture among both local faculty and adjunct faculty though they are spread across the country.…

    • 1088 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    Unger Democracy Realized

    • 1418 Words
    • 6 Pages

    Everyday struggles occur all the time and affect not only humans and the environment but also the world economic order. The struggles are connected as one and are fueled by the differences in everything. Roberto Unger is a Brazilian theorist and law professor at Harvard who has written many books based on a wide range of different political topics. The book that I will be analyzing in this paper is Unger’s Democracy Realized: A progressive alternative. Verso. And in particular his chapter ”the importance of democracy.” I will also be analyzing a chapter of a book by Jared Diamond who is a professor of geography and physiology at UCLA.…

    • 1418 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    Argumentative Paper

    • 739 Words
    • 3 Pages

    Democracy versus dictatorship: Influence of political regime on economic and social development. Ph.D. dissertation, Georgia State University, United States -- Georgia. Retrieved October 26, 2011, from ABI/INFORM Global.(Publication No. AAT 3099283).…

    • 739 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Democracy first appeared in Ancient Greek civilisations, before being wiped out entirely and not returning to western civilisations only until approximately a hundred years ago. One definition given for democracy is a political system that allows the constituents and citizens of a country the right to fairly vote and contribute to the decision of which individuals are ruling and are the governing power. Not only that but also provides citizens protection from the state1. Another definition is given by Abraham Lincoln, in which democracy is viewed as being a "government of the people, for the people, by the people”2. Democracy is often seen as a Western invention, but has now spread across to countries all across the globe, and is seen as the most advanced and fair political ruling system to date. I will be assessing whether or not democracy is the best possible political system, where its faults lie and where it can improve.…

    • 1304 Words
    • 6 Pages
    Powerful Essays
  • Better Essays

    References: Abdellatif, A. M. (2003). Good Governance and Its Relationship to Democracy & Economic Development Retrieved January 9, 2011, from http://www.undp-pogar.org/publications/governance/aa/goodgov.pdf…

    • 1107 Words
    • 5 Pages
    Better Essays
  • Good Essays

    advantages of democracy

    • 507 Words
    • 2 Pages

    Advantages of DemocracyDemocracy can provide for changes in government without violence. In a democracy, power can be transferred from one party to another by means of elections. The jurisdiction of the citizens of a nation determines its ruling authority. Moreover, any government is bound by an election term after which it has to compete against other parties to regain authority. This system prevents monopoly of the ruling authority. The ruling party has to make sure it works for its people for it cannot remain being the authority after completing its term unless re-elected by the people. This brings in a feeling of obligation towards the citizens. The ruling authorities owe their success in the elections to the citizens of the nation. This results in a feeling of gratefulness towards the people. It can serve as their motivation to work for the people for it is the common masses that have complete power over choosing their government. Another important advantage of democracy is that the people gain a sense of participation in the process of choosing their government. They get the opportunity to voice their opinions by means of electoral votes. This gives rise to a feeling of belongingness in the minds of the people towards their society. Disadvantages of Democracy In a democratic nation, it is the citizens who hold the right to elect their representatives and their governing authorities. According to a common observation, not all the citizens are fully aware of the political scenario in their country. The common masses may not be aware of the political issues in society. This may result in people making the wrong choices during election. As the government is subject to change after every election term, the authorities may work with a short-term focus. As they have to face an election after the completion of each term, they may lose focus on working for the people and rather focus on winning elections. Another disadvantage of democracy is that mobs can influence…

    • 507 Words
    • 2 Pages
    Good Essays