Apa Sample Questions Assignment

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Impact of Democracy on Economic Development

(Student’s Name)

Professor (Name)

Political Science

25 April 2012




Impact of Democracy on Economic Development


There is a need to put into proper perspective the impact of democracy on economic development. In recent years, the discourse about democracy and development has gained prominence. Countries with long history of democratic governance have been noted to be doing well economically. It is the view of this author that so far a comprehensive assessment of the full impact of democracy on economic development is yet to be done.Probably, the reason as to why this has been so is because there is an obvious assumption that democracy will always have a positive impact on economic development. It is worthwhile however, to move away from the sweeping generalization and put this issue into proper perspective. It is proper to establish the full impact of democracy. In this study, the author will seek to establish the impact of democracy on economic development.

Since its origins in ancient Greece, when Greeks created city states as communities of citizens in which the administration and the making of policy were the rights of citizens, democracy has been a subject of many speculations and questions that even to date beggar answers. One of the critical questions that have been the center of speculation is what democracy’s impact on economic development is. This question has been propelled to the fore by certain factors such…...

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... communities of citizens in which the administration and the making of policy were the rights of citizens, democracy has been a subject of many speculations and questions that even to date beggar answers. One of the critical questions that have been the center of speculation is what democracy’s impact on economic development is. This question has been propelled to the fore by certain factors such as the apparent failure of alternative forms of governance and the observation that a majority of the developed countries are those with democracy while the bulk of the poor countries are the most undemocratic. This experience has spawned a great debate about the impact of democracy on economic development which has particularly intensified in the last fifty years (Doucouliagos and Ulubasoglu, 2006). One theory that prompted research on the impact of democracy on economic development is the conflict view as advanced by Hobbes in The Leviathan(1651).According to Hobbes, absolutist regimes are more likely to improve public welfare(economic development) on account that they could not promote their own interests. Other supporters of this theory include Huntington (1968), Krueger (1974), and Bhagwati (1982).They argue that democracies have weak political institutions and yield to the popular demands that they restitute to ‘rent seekers’ and lower income groups which curtails profitable investments. Non democratic governments can aggressively implement hard economic policies while also...

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