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Essay

Democracy and Economic Growth: Antagonists?

Essay specific features

 

Issue:

Miscellaneous

 

Written by:

Richard M

 

Date added:

February 2, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

4 / 925

 

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7047 times

 

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Essay content:

It is argued that the former’s democracy has crippled it, while the authoritarian Communist Party in the latter lets it push through potentially controversial but necessary reforms that are good for the people in the long run. Of course, many more differences than freedom, or the lack thereof, account for the two countries’ relative economic fortunes...
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More importantly, counter examples can be found; in Africa, the more democratic countries – South Africa, Nigeria and Botswana, for example - are also the richest and better governed. Nobel laureate Amartya Sen has also observed that no famine has ever occurred in a democracy. One might question whether the chain 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...
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