"Although democracy is said to be the solution of all problems,it is believed that the economic growth rate in democracy is better than that in democratic rule." support this statement with suitable arguments.
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Answer:
it is because in democracy every body knows ther rules and regulations. And also they know that how the country will progress. same as with economic development, when the democracy is ther everything is going well and perfect that's why it the solution of every problems.
Answer:
democratization of a country from a non-democratic regime is usually preceded by a fall in GDP, and a volatile but expected growth in the long run, While on the other hand authoritarian regimes experience significant growth at the beginning and decline in the long run.The cause of such behavior is that non-democratic regimes, mainly authoritarian ones, are more effective at implementing decisive policies and choices as well as solving ethnic and sub-national conflicts, but are unsustainable in the long run as there is more incentive to extract money from society which in turn leads to less prosperity.
The positive changes of democracy to economic growth such as delegation of authority and regulations of social conflicts heavily outweigh the negative and restrictive effects, especially when compared to autocracy. One of the main reasons for this is that society, i.e. voters are able to support difficult trade offs and changes when there is no perceived alternative. This is primarily true in countries with a higher level of education. So it ties the development level of a country as one of the decisive factors to undergo positive democratic changes and reforms. Thus, countries that embark in democratization at higher levels of education are more likely than not to continue their development under democracy.
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