Explain that Democracy does not guarantee economic growth ....
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Democracy is associated with higher human capital accumulation, lower inflation, lower political instability, and higher economic freedom. Democracy is closely tied with economic sources of growth, like education levels and lifespan through improvement of educative institutions as well as healthcare.
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Democracy and economic growth and development have had a strong correlative and interactive relationship throughout history. While evidence of this relationship's existence is irrefutable,[1] economists' and historians' opinions of its exact nature have been sharply split, hence the latter has been the subject of many debates and studies.
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