This link has been bookmarked by 1 people . It was first bookmarked on 20 May 2008, by Chey Sambatphalla.
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20 May 08
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how do democracy and development influence each other and what policy and institutional reforms may have the most immediate and measurable effects on improving governance
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he impact of economic development on the transformation of political systems has long been thought to be direct and positive
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First
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Second
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Third
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Fourth
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Fifth,
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Until recently, few have questioned these assumptions
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Table 1 also show that wealth and democracy are closely correlated and may have a far more complex relationship than what the simple linear assumptions suggest about the effects of development on democracy, and vice versa.
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b. Democracy and Development: Do Political Regimes Matter?
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The advantages of autocratic regimes,
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1) insecure property rights of the wealthy
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high propensity to consume
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ent-seeking by special interest groups that penetrate the open political process and use their influence to produce socially inefficient policie
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Similarly, autocrats have, historically, been known to plunder their societies for personal gains
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. The vice of rent-seeking exists in autocracies, as well. Even the most absolutist rulers must rely on supporters to keep themselves in power
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The case that democracy promotes development rests on the central idea that the political institutions critical to economic development are more likely to exist and function effectively under democratic rule
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