Question

What makes non democratic regimes more economically developed as compared to democratic regimes? Why democracy is not a guarantee of economic development?

Answer 1

Economic growth of a non democratic regime is better than democracy because:

• Economic growth is an increase in a country's level of national output which can be caused by an increase in the quality of resources, improved means of technology etc.
• In a non democratic regime , the decision making is faster(single or few people reach decisions faster) as compared to democracy. Hence, the dispensing of services is faster.
• In an economic growth, there is no accounting of other factors of human developing index.
• Economic growth does not even take into account the size of informal economy.