make a project on democracy vs dictatorship .............
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A democratic society is often regarded as a prerequisite for economic growth and development. Yet, most empirical studies are not capable of identifying a positive link between GDP growth and democracy indexes.
In addition, it is a stylized empirical fact that:
(i) most developing countries are dictatorships; and
(ii) many poor dictatorships have experienced high growth performances and emerged from poverty such as South Korea, China and Egypt. Against this background, it is of interest to analyse in which ways the growth performance between autocratic and democratic economies may differ, in particular among low-income countries. To answer this question, we compare the endogenous growth paths of two economies that differ only in their political regimes in the context of an overlapping generations model.
The key features of the model are:
(i) a positive bequest motive in the form of investments in education or productive public capital (infrastructure);
(ii) a higher marginal (inter-temporal) utility of consumption today versus consumption tomorrow in low-income countries (for example, subsistence level of consumption); and
(iii) a dictator that cares about her income or the income of her dynasty tomorrow. In this framework, we demonstrate that poor but large and stable dictatorships exhibit a higher equilibrium growth rate than comparable (equally poor) democracies. Moreover, there exists a particular threshold value in income such that the growth-reducing impact of dictatorial consumption (corruption) outweighs the higher (initial) public investments. Above this, the growth rate under democracy dominates the one in dictatorship. Copyright (c) 2010 The Authors. Journal compilation (c) 2010 The European Bank for Reconstruction and Development.
Explanation:
What is Democracy?
Democracy is a form of government in which the majority of people elect the government. Furthermore, the general public takes interest in this form of government as they have the right to elect their representatives.
Moreover, public participation is very important in a democratic system also the citizen of the country participate and are aware of social issues and their right to vote. Furthermore, there is a sense of responsibility in the people.
Besides, the representatives are elected by means of elections and they are monitored impartially to ensure system integrity.
Characteristics of Democracy
There are some basic qualities or characteristics of democracy that are equality, political freedom, and the rule of law. Moreover, democracy runs over the principle of majority rule. Furthermore, the eligible people have access to the legislative and are equal before the law.
In addition, every eligible citizen vote has equal weight and value. Also, the constitution protects the liberties and right of the citizen of the country.
Moreover, the constitution protects human rights through coordination and co-operation. And it offers to represent the diversity of all communities. Besides, equality is the heart of democracy.
What is a Dictatorship?
It is a form of government in which absolute power is in the hands of the dictator. Also, the dictator exercises this power in his self-interest. Furthermore, the dictator acts like the whole nation itself.
Characteristics of Dictatorship
The main characteristics of dictatorship are the suspension of the election, rule by decree, lack of civil liberties, repression of political opponents, and proclamation of the state of emergency without acting in harmony with the rule of law.
Furthermore, dictators take advantage of their position. They do so by restraining the freedom of speech of the citizen. Also, they do so to maintain their political and social supremacy.
Also, people do not have the right to voice against the ways by which they are governed. In addition, there are no elections and people do not have the right to choose their representatives. All the rules and regulations are made by a single person (dictator).
Moreover, a single person (dictator) makes the law so at times they become brutal for the masses. Most noteworthy, the dictator pays fewer regards to the rights of the people.
In conclusion, the Democratic form of government is enjoyed by the people and it gives a great deal of liberty to people and the power is in the hand of masses. On the other hand, dictatorship takes away all those rights and liberty. Furthermore, power is in the hand of a single person.
In a democracy, development happens to fulfill the need of people. On the other hand, in dictatorship development happens according to the dictator. Above all, democracy is the best form of government that most of the nation of the world love and practice.