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Question
Analyse the outcomes of democracies in terms of economic growth and development.
Solution
- Economic development depends on several factors country’s population size, global situation, cooperation from other countries, economic priorities adopted by the country, etc.
- However, the difference in the rates of economic development between less developed countries with dictatorships and democracies is negligible.
- Overall, we cannot say that democracy is a guarantee of economic development. But we can expect democracy not to lag behind dictatorships in this respect.
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