The paper focuses on the nations’ economic development. In relation to economic development, the paper delves with the establishment of a democratic government. The major problem deals with whether economic development…
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Marx gave as example the histories of both England and France proved that economic development brought about democracy. Marx and his loyal fans, both within the bourgeoisie class, owned property and engaged in business as capitalists and entrepreneurs. Consequently, the bourgeoisie class led to the toppling of the prior authoritarian government, a replacement transition mode (Sfsu, 2014). The toppling resulted to the creation of democratic governments. The prior government was toppled because its policies ran smack against the very grain of laissez faire or free enterprise business concepts, based on transition theories (Sfsu, 2014). Likewise, Max Weber insisted that the fall of the profitability or viability of the bourgeoisie leaders to retain the economic development led to the destruction of the German democratic government. In the same light, Moore espoused the peasants contributed to the establishment of democratic government. The philosophers had espoused economic development leads to a better political communication environment. Further, Laothamatas adhered to Mr. S M. Lipset’s emphasis that an economically developed society will trigger the people to push for the implementation of a democratic state.
The above article affirms the concept indicating economic development leads to viable democracy. M. K. Marx affirmed this concept. The bourgeoisie helped establish the economically viable democracy movements. Economic development priorities often led to free political elections within a democratic government.
The reading affirms economic development contributes to the establishment and retention of democracy (Lipset, 1959, p 75). The economic wealth or status of the nation affects the nation’s democratic aspirations. Compared to a nation that is burdened with a low or bankrupt economy, a well to do nation (rich) has a better
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In its initial form, democracy focused on the promotion of equality and fairness among the citizens; however, through the years, the priorities of democracy had to be changed in order to incorporate targets and interests, which were not compatible with democracy – referring to the initial rules and aims of the particular political system.
What is the relationship between institutions and economic development?
Exploring the causal relation between institution and economic growth is a very challenging task. The study of economic theories of growth shows that economic progress is a complex phenomenon.
Defined as the count for majority, democracy allows all the citizens of a country to participate and make political decisions. From these comprehensive researches, democracy has great diversity, introducing within itself other terms like direct democracy.
However, new-found issues on these aspects’ reliability to foster profit and the consequent development had posed a number of other possible determinants of development. These determinants include the social, environmental and political parties. While
And does economic development affect the emergence and survival of political regimes?
The two research questions are connected as to be able to determine how political regimes affect economic development, one
Social development can be viewed as progress or evolution of a community from a lower social status to a higher one. By higher status I mean greater levels of productivity, energy, efficiency, creativity, quality, complexity, and mastery.
This means that democracy is not necessary for a country to be economically developed. But these studies have also found evidence of democracy having significant indirect effects on economic growth. Doucouliagos & Ulubasoglu
Among the expected merits and therefore payoffs of democracy was that it establishes and protect the freedom of the people, in terms of individuality and as a nation. Democracy therefore gives the public a chance to participate as well as be represented in the
Liberal democracy is intrinsically valuable to a society. This paper will not disapprove Sen arguments; the researcher will discuss, in light of experiences in non-democratic countries such as China, and South Korea, that Sen’s ideology of liberal democracy fostering development is misleading.
Citizens from such countries under constant threat of terrorism undergo mental torture due to the repercussions of the act. Promotion of democracy and economic development remain the key strategy for countering terrorism. Economics
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