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Economic growth is known as the increase in economy’s capacity in order to produce sevices and goods and is compared from a time period to the other. Economic growth is deeply interconnected with the political stability. Unstable political environment is associated with…
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Download file to see previous pages The resultant turnovers are as a result of lack of low income growth that is contemporaneous and is not found in government change propensity that is also contemporaneously increasing. (Russett, Starr and Kinsella)
Economic growth results to a middle class that is educated and entrepreneurial which soon or later strives for control over the country’s fate. This ends in the acceptance and giving in by the repressive government in place. The progression in most of the countries that are democratic is not pegged to economic growth after their democratization. Among democracies that are already existing and established, a high growth rate is as a result of stability as a result of liberal democracy. Greater prosperity alone doesn’t result to political freedom of a greater degree. However, the benefits of economic development are reaped through invasion of pressure to political control relaxation. The connection between liberal democracy that is emerging and economic growth lies in sophistication growth of authoritarian governments.
Democracy has a minimal impact on economical success to countries that practice it. All the successes in economy are propagated under the political regime that is undemocratic. Many of them developed as a result of state capitalism and centralization which is different from economic liberalization. This is as a result of policy which directly achieves rapid growth in third world countries. This is done through the creation of protective tariffs around the country’s nascent ship-building and automotive industries. Economies succeed through economic liberation adoption, this process usually occurs under political system that is authoritarian. This type of system always associates to military coup in democratic overthrow of elected government.
Democratic states that are developing are usually undermined by economic liberation. This is because of the ...Download file to see next pagesRead More
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