Question

Analyse the outcomes of democracies in terms of economic growth and development.

Answer 1

1. Economic development depends on several factors country’s population size, global situation, cooperation from other countries, economic priorities adopted by the country, etc.
2. However, the difference in the rates of economic development between less developed countries with dictatorships and democracies is negligible.
3. Overall, we cannot say that democracy is a guarantee of economic development. But we can expect democracy not to lag behind dictatorships in this respect.