'ನಡತೆಯನ್ನು' ಪದದ ವಿಭಕ್ತಿಯ ಹೆಸರು
Answers
Explanation:
There is a lot of empirical data that supports the relationship of democracy and economic development. Although with the passage of time it being more sophisticated and consistent.[16]
The first showings in Ancient Greece in the city of Athens show a highly positive correlation with respect to economic growth and democracy. With the introduction of markets, specialization and reforms like having trial by jury, civil liberties as well as free speech, they were able to sustain a self-sufficient city at the public expense. The first document describing such a structure was written by Xenophon.[17]
Romans enjoyed an even greater boom to their economy. Granted a lot of their success was due to their unbeatable production of iron as well as the development of trade routes i.e. Pax Romana.[18] They ruled with a mixture of kingship, aristocracy and democracy. Despite their accomplishments from the reformed political structure, the need to invest in the military to keep their growing competition at bay, by producing less and less valuable coins, ultimately led to their collapse, recessing back to the country side and barter system.
England is another prime example, during the period of the transition from mercantilism to liberalism. The introduction of international trade shows the requirement of the needed change in political institutions and policies for further development. Individuals which enjoyed more political power due to their increased profits in international trade influenced the political institutions to grant them the tools to further their own goals, creating different policies, by which the economy grew as a whole.[19]
Further ahead, after World War II over 100 nations undergone the transition of political and economic development. In the past 2 decades democratic revolution has been sweeping the whole world. There are 117 out of 191 independent states that declare themselves as democratic.[8] Even so, while cases like Brazil, India and Mauritius have had several important economic achievements in their late-democratic period, it is not safe to imply that these countries are exemplary. Although they have performed better than expected, many more changes lie in the future, while cases like Tunisia and Libya have had a much better period before their transition to a democratic regime.[20] Reasons being their culture, history and many others.
There are several once very impoverished countries that have experienced significant and rapid economic growth without democratic institutions. Some examples of their respective per capital GDP's are the following: Chile ($12 700), Hong Kong ($25 200), Taiwan ($12 000), Singapore ($28 000) and South Korea ($13 600).[21] To the extent that political democracy