Democracy does not ensure fa ster economic growth explain in points
Answers
A 2006 meta-analysis found that democracy has no direct effect on economic growth. However, it has strong and significant indirect effects which contribute to growth. Democracy is associated with higher human capital accumulation, lower inflation, lower political instability, and higher economic freedom.
A belief that democracy is bad for economic growth is common in both academic political economy as well as the popular press. ... Our results show a robust and sizeable effect of democracy on economic growth
Democracy doesn't strongly predict economic growth, at least not in the short run. Education is wonderful for many reasons. And democracy is not perfect as a political system, but it is the best we have. ... It has also been extremely successful in very low-education countries