Democracy and Economy Essay Example | Topics and Well Written Essays - 1500 words

Democracy and Economy - Es study Example( Reginald Chua (2000)) .Democracy do realise its cons which hinders the path of development in unity way or another for example in the country where literacy rates are very low , where the cast system are very much(prenominal) prevalent , mountain are emotional there the very basic foundation of republic, the right of people to elect their representative to govern them is massively distorted , the people there usually are unaware of their own rights and their usage so in those countries only corrupt people come in democracy and use it only for their own self interest and peoples development is totally ignored.Well if any authoritarian countrys administration make sure the right of people are well protected and assure their personal , professional and economical growth, maintain good standard of living for its inhabitants, provide them with basic facilities of life, provide them with trading then the development of the country is inveter ate. The living example of it is chinaware and Singapore. Hans F.Sennholz (2007) acceded The most startling progress over the last two decades has been in China which labors under and authoritarian regime. The world poorest democratic states are also as much democratic as the wealthier states but the difference lies in governing body (Hans 2007). The key point of this statement is that development is not correlated to democracy that much than it is related to the governance of the country. Some of the countries which has been liberated in early twentieth century like Australia in 1901and New Zealand in 1947 they had government institutes running previously with much of an ideology and legal methods so after freedom they didnt have to work from scratch but those countries which were deprive of such institutions and... The researcher of this essay states that if we look to the meaning of development then according to American heritage lexicon of English Language (2006) it is defin e as A progression from simpler or lower to a more advance, mature or complex form of state or stage it is also define as act of developing . Development also have some key indicators which help the economist to inlet the development rate of the country some of them are per capita income, literacy rate, unemployment rate, standard of living, availability of basic facilities like electricity and gas etc. Democracy in this vocabulary is define as government by the people a form of government in which the supreme power is vested in the people and exercised directly by them or by their elected agents under a free electoral system. The researcher then focuses on the analysis of the Asias democracies, such as India and Philippines, that are less progressive than the other authoritarian government, such as China or North Korea. Summing up the discussion the researcher can say one thing with utmost authentication and that is the factor that matter much more than democracy or no democracy is the leader, along with his/her leadership qualities, friendly culture and pressure economic policies and rule of law, if these factors and may other major and minor factors of economy are being effectively implemented and foster into coercive direction then the development is 100% bound to come else nothing can guarantee development what so ever.