What Is The Relationship Between Democracy And Economic Development?

Democracy is associated with higher human capital accumulation, lower inflation, lower political instability, and higher economic freedom. Democracy is closely tied with economic sources of growth, like education levels and lifespan through improvement of educative institutions as well as healthcare.

What is the relationship between globalization, socio-economic development and Democracy?

The relationship between globalization, socio-economic development and democracy is of prime importance (Doorenspleet, 2002, p. 52). Economic crises and other performance problems in the non democratic regimes help promote a democratic transition.

How does democracy affect the development of a country?

Nevertheless, democracy appears to have an indirect influence on growth through its positive impact on some of the determinants of economic development, such as education, human capital formation, inflation, investment, and income inequality.

How does the political system affect economic development?

As David Gillies illustrates through an imagined development dystopia, while political institutions can influence economic performance for better or worse, the relationships among political system, policy choice and economic performance are often more complex than the claims of some democracy-promotion boosters.

What is the relationship between democracy and economic growth in China?

The freedom of press, absence of censorship, clear, effective legal institutions, transparency, openness, and citizens in put making decision. To examine the relationship between the democracy and economic growth in the people’s Republic of China over the last three decades.

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