At the very basic level, a democratic structure can be defined as an ‘institutional arrangement for arriving at political decisions in which individuals acquire the power to decide by means of a competitive struggle for the people’s vote’ (Schumpeter 1942 cited in Menocal 2007).
The positive relationship between prosperity and democracy has an enduring relationship in the subject of social sciences. Although there does exist a strong correlation, it does not necessarily mean causation.
However, much of the response to the question about the relations concerning democracy and development usually depends on how one defines ‘development’. Sen (1999b) sees development as ‘freedom’ – this includes not only the economic freedom but also freedoms …show more content…
Many studies have shown that democracy brings economic and social benefits for its citizens. The fact that poor democracies frequently outdo poor autocracies in bringing services and human well-being shows how strong this case is. Lekvall (2013:29) argues that outside Eastern Asia, ‘the median per capita growth rates of poor democracies have been 50 per cent higher than those of autocracies. Moreover, the risk that poor autocracies will experience severe economic contractions is twice that of poor democracies. The quality of life in poor democracies is significantly better than in poor …show more content…
Yi Feng (2003) finds that democracy has a positive correlation on economic and social development, even though they are mostly through indirect channels. The channels Yi Feng is describing include ‘policy certainty, political stability, the establishment and enforcement of rules that protect property rights, the promotion of education, the ability to promote private capital, and the reduction of inequality.’ Therefore, a democratic regime can be seen as crucial in bringing out benefits for its citizens. (Menocal
The positive relationship between prosperity and democracy has an enduring relationship in the subject of social sciences. Although there does exist a strong correlation, it does not necessarily mean causation.
However, much of the response to the question about the relations concerning democracy and development usually depends on how one defines ‘development’. Sen (1999b) sees development as ‘freedom’ – this includes not only the economic freedom but also freedoms …show more content…
Many studies have shown that democracy brings economic and social benefits for its citizens. The fact that poor democracies frequently outdo poor autocracies in bringing services and human well-being shows how strong this case is. Lekvall (2013:29) argues that outside Eastern Asia, ‘the median per capita growth rates of poor democracies have been 50 per cent higher than those of autocracies. Moreover, the risk that poor autocracies will experience severe economic contractions is twice that of poor democracies. The quality of life in poor democracies is significantly better than in poor …show more content…
Yi Feng (2003) finds that democracy has a positive correlation on economic and social development, even though they are mostly through indirect channels. The channels Yi Feng is describing include ‘policy certainty, political stability, the establishment and enforcement of rules that protect property rights, the promotion of education, the ability to promote private capital, and the reduction of inequality.’ Therefore, a democratic regime can be seen as crucial in bringing out benefits for its citizens. (Menocal