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Economic Growth and Development

All governments, democratic or non-democratic, should develop and economic growth should be evident, if its citizens have to prosper.

When we look back through the pages of history we find that democracies were not as economically healthy as dictatorships.

First let us see the factors that determine the economic growth of a country

  • Population.
  • Size.
  • Natural resources.
  • Relationship with other countries.
  • Global situation.
  • Geographic position.
  • Economic policies of the government.

As all these factors play an important role in the economic growth of a country it would not be correct to hold a form of government’ responsible for economic growth.

When we look at democracies and non-democratic counties we are able to come to the conclusion that all democracies are not economically progressive. That is democracy does not guarantee of economic development.

In spite of this draw back, many still prefer democracy as it has several other positive features.

The question of economic growth in democracies is a debatable one. Any nation has to be prosperous. If democracies cannot ensure economic growth then people tend to question the very basis of democracy.

Let us compare democracies and non-democratic countries on the basis of economic growth.

On an average dictatorial regimes have a slightly higher economic growth rate. Poor democracies and non-democratic countries have the same economic growth rate.

When we consider the economic growth, only in democracies, we find a terrible imbalance among the citizens.

South Africa and Brazil - the difference between the rich and the poor is enormous.


Denmark and Hungary - The Economic Standard is more Balanced

Democracies have a responsibility towards its citizens. It has to ensure that all its citizens get an opportunity to prosper and the laws of the country should be such that there is no disparity between the rich and the poor.

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