Question

How is democracy good for economic growth and development?

Answer 1

Well first of all it depends on what stage of develpoment a country is . If it is a third world country than democracy is a necessity as it will be a major part of trade agreements , asking for aid and contracts and different treaties.

Becoming a part of important organizations such as WHO and WWF requires a stable nature and cooperation as countries with rebellious nature are mostly unlikely to be a apart of such projects.

Different countries can pose embargoes and trade barriers and even vote against in united nations when taking important decisions. Having more friends and good relations mean that country is more likely to get concessions and help.

But democracy can also mean double crossing someone which can be harmful for others , however if the general nature of a certain country is too emotional or rebellious only a diplomatic ruler can lead such people .

Answer 2

Economic growth and development of a country depends on democracy explaination