why economic growth and development should not be taken as sole Criterion for preference to democracy
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4
Explanation:
We evaluate the impact of democracy on economic growth.
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We use a novel approach to measure democracy based on a machine learning algorithm.
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We detect a robust and significant effect of democratization on income increases.
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Established democracy indices are not sufficiently detailed to reveal this relation.
Answered by
1
Explanation:
- Growth is a quantitative concept and development is a qualitative concept.
- They both define the state of the economy in any country.
- They represent the amount of industrialization, commercialization, and urbanization.
- In micro level, the per capita income of the people is based on the growth and development taking place in the country.
- Growth and development are two criteria that are not limited to a democracy alone, but can be measured even in a non-democratic country.
- But while speaking about democracy in general, the major point of focus lies in freedoms enjoyed by the people.
For Example: The freedom of speech, which are lacking in most of the non-democratic countries.
To know more:
Meaning of economic growth and development
https://brainly.in/question/8652338
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