A democratic political system is an essential condition for sustained economic progress discuss
Answers
Answer:
A democratic political system is an essential condition for sustained economic progress. ... However, there are examples of totalitarian regimes that have fostered a market economy and strong property rights protection and experienced rapid economic growth.
A democratic political system is an essential condition for sustained economic progress because it allows citizens to have a say in what goes on within the country. There are nine safeguards, including freedom of expression and organization, a free media, and limited terms for elected representatives, just to name a few. These allow citizens to stay informed and elect new leaders when one’s term is up. In doing so, newly elected officials must work for the people to create jobs and benefit society or else they will not be reelected. In socialist countries, citizens do not have a choice over who governs them, so the leaders do not feel any pressure. By giving citizens a voice and pressuring leaders to act in their best interests, there is a better chance for long - term economic growth.