Question

many democracies in the world have failed to achieve economic equality? why? give 5 reasons​

Answer 1

Answer:

It’s suddenly a very urgent and important question. Daniel Ziblatt’s new book arrives just in time to deliver a powerful and supremely relevant answer.

Don’t be misled by the aggressively unsensational title, the careful prose, or the hyper-technical charts (“Median and Distribution of Conservative and Liberal Party Seats Across Varying Levels of Agricultural Districts in Germany and Britain in Years of Suffrage Reform”). Conservative Parties and the Birth of Democracy is written in fire. It delves deep into long-forgotten electoral histories to emerge with insights of Tocquevillian power, to illuminate not only the past but also the present and future.

The non-rich always outnumber the rich. Democracy enables the many to outvote the few: a profoundly threatening prospect to the few. If the few possess power and wealth, they may respond to this prospect by resisting democracy before it arrives—or sabotaging it afterward.

Answer 2

Explanation:

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.

Ancient beginnings and correlation Edit

The period of Ancient Greece 4th century B.C. and later of the Roman Empire marks the beginning not only of democracy, but as well as its connection to economic growth.[citation needed] All throughout history, up until the present they have stayed intertwined.[citation needed] While there is no doubt of their existing relationship, whether it being in favor of economic development or democracy, there is no evidence to claim that it is in fact a causal relationship.[2]

In other words, a country that undergoes democratization does not have to necessarily experience economic growth, most often measured in income per capita, or vice versa. For every such case there exists a counter example. What this means is that there are multiple factors, such as political stability and political institutions, social insurance, government capacity, religion and many other which influence the outcome. In two similar countries, almost identical democratic regimes can yield completely different results.[3] However, the concepts highly complement each other, and in cases through history where they were separated there has been great difficulty.

Effects of democracy on economic growth Edit

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.[4] 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.[5] Democratic regimes revolve around institutions and policies which lay the foundations, through which principles of liberty and equality are designed and followed, thus directly or indirectly affecting firms or individuals who benefit from the directives and increase their growth, which in turn has a positive impact on economy.[6]