Economic growth and development
Chapter 5: Outcomes of Democracy · POLITICAL SCIENCE · EN medium
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If democracies are expected to produce good governments, then is it not fair to expect that they would also produce development? Evidence shows that in practice, many democracies did not fulfil this expectation. If you consider all democracies and all dictatorships for the fifty years between and , dictatorships have slightly higher rate of economic growth. The inability of democracy to achieve higher economic development worries us. But this alone cannot be reason to reject democracy. As you have already studied in economics, economic development depends on several factors: country’s population
📖 ncert books class 10 social science democratic politics chapter 5 · Page 5
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If democracies are expected to produce good governments, then is it not fair to expect that they would also produce development? Evidence shows that in practice, many democracies did not fulfil this expectation. If you consider all democracies and all dictatorships for the fifty years between and , dictatorships have slightly higher rate of economic growth. The inability of democracy to achieve higher economic development worries us.
But this alone cannot be reason to reject democracy. As you have already studied in economics, economic development depends on several factors: country’s population
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