Have Your Cake and Eat It Terrilyn Eribo Institution: Question: Select a news article dated within the previous two months and analyze the issue using the economic concepts and theory learned in this class. Include at least one graph developed in our course. Introduction The article “have your cake and eat it” in The Economist, it talks about the economic growth of different countries with regards to the political system operating in the different countries. The main point discussed in the paper is that evaluating the economic impact of a country caused by its political system can be tricky and at the same time complex. For instance, an autocratic country like China has experienced a 10 % growth in its economy over the past decade; this is more than its Democratic counterparts. The growth in China has been attributed to totalitarian leaders who do not give freedom to the public and thus can lay long-term foundations of growth without the public second-guessing them. On the other hand, researchers have found that democratic countries invest much in schooling and health that helps them in future economic growth, also in such a country where people are allowed to voice their concerns there is little unrest. Another important issue pointed out in the article touches on the change in the political system in a country can either lead to growth or stumbling of the economy (The Economist, 2015). The article concludes by stating democracy steers economic growth better
Is democracy excellent for the economic growth? Democracy is a multifaceted concept, a political structure based ahead the right of citizens to take part in political decision making during representation; whereby simply laws essential to continuing democratic procedures are compulsory standard to terming a state democratic.
Democracy and the challenges it is facing has been the main topic in the field of international politics since some Authoritarian regimes have raised again as a great power after a long time of absence. In this essay, we will look at some of the challenges facing the international democracy based on the work of Azar Gat “ The Return Of Authoritarian Great Powers”. The article is presenting the author view on the rise of authoritarian regimes as the main challenge of liberal democracy. The main part of my essay will be an illustration and reflection on a number of arguments that have been brought by the author. Additionally and before concluding my piece I will establish my own argument as a critical response to the article or more specifically to the Economic efficiency argument brought by Azar Gat.
Answer four (4) questions. Maximum of 400 words for each question. These are questions which require short answers to a series of issues relating to economic principles and concepts.
With the recent developments in the economy there could have not been a better time to
In a democratic government also depends on freedom of press and freedom of assembly. Freedom of press is the occurrences that happen every day that are informed or detailed through television, newspaper, internet, magazines or speech without adding or removing any type of information that do not benefit a particular sector. And also is that the people have the right to have their own type of press to express their ideas. Today, freedom of press is a utopia because every country has their own secrets, and covers important information to their citizens. With freedom of press, the countries will have a perfect government not so perfect but the people need to know the truth. The democratic government is a form of government in which the people, either directly or indirectly, take part in governing. “Democracy is the worst form of government except for all those others that have been tried.” This is because there is no system that can perfectly order society. Usually the purpose of democracy is to prevent tyranny (the accumulation of
Write a 350- to 700-word paper in which you research the current state of the economy. Include answers the following:
In his argument on the universal value of democracy Amartya Sen discusses the relationship between democracy and economic development. He notes that it is often claimed that nondemocratic systems are better at bringing about economic development than democratic ones. Sen disagrees with this claim. He asserts that this hypothesis is based on "very selective and limited information" (3). He admits that it is true that some disciplinarian states, like South Korea, Singapore, and postreform China, have had faster rates of economic growth than many less authoritarian ones, like India, Jamaica, and Costa Rica (3). However, he points out that this very selective evidence cannot be used to establish the general hypothesis that nondemocratic systems are better at bringing about economic development (3). "There is no convincing evidence that authoritarian governance and the suppression of political and civil rights are
The data provided is helpful in determining the nations perception of democracy so that it may help improve and put in place interventions that promote
Democracy has become the most widespread political form of government during the past decade, after the fall of all its alternatives. During the second part of the 20th century, the 3 main enemies of democracy, namely communism, fascism and Nazism, lost most of their power and influence. However, democracy is still only to be found in less than half of this world's countries. China with a fifth of the total population "had never experienced a democratic government" and Russia still doesn't have a well established democracy. By adopting a democratic perspective, 3 types of governments emerge, non-democratic, new democracies, and old democracies, and all have a different challenge to overcome: either to become democratic, to "consolidate"
Also democracy provides political rights, civil liberties and freedom of press, freedom of association and freedom to oppose to their governments without being afraid of the consequences. Each nation has a unique democratic way of controlling things and under a democratic system people in Latin America could be govern by the government that they choose to and not the military authority or dictatorship. In order to form democracy in Latin American there had to be revolution against authority and the violence that imposed to their citizens. (Isbester K., 2011) O’Donelli defines democracy as ‘patterns, formal and informal and explicit or implicit, that determine the channels of access to principal government positions; the characteristics of the actors who are admitted and excluded ... and the resources and strategies that they are allowed to use for gaining access’
* In the first paragraph, discuss the relevant economic theory of your topic (your textbook is a good source for this paragraph).
As stated before, some people argue that there is a relationship between both indicators, with economic development causing democracy. Based on the data presented here, I would say that that might be true in some countries, but not in the ones that have been addressed here. For example, Russia has a greater GDP per capita than Mexico, but it is considered to be a not free country, while Mexico is a partly free one with a lower GDP per capita. Yes, Russians might have a greater income per capita, but they are not free people. In sum, it can be said that democracy and economic development play huge roles in the development of a country, however these are not the only factors that need to be taken into consideration, and it
In his argument on the universal value of democracy Amartya Sen discusses the relationship between democracy and economic development. He notes that it is often claimed that nondemocratic systems are better at bringing about economic development than democratic ones. Sen disagrees with this claim. He asserts that this hypothesis is based on "very selective and limited information" (3). He admits that it is true that some disciplinarian states, like South Korea, Singapore, and postreform China, have had faster rates of economic growth than many less authoritarian ones, like India, Jamaica, and Costa Rica (3). However, he points out that this very selective evidence cannot be used
Winston Churchill once remarked that “democracy is the worst form of government except all the others that have been tried”. In agreement with his statement, this paper will examine the problems of democratic governments using specific examples, and compare it to the failure of fascist governments in Nazi Germany and Italy and communist governments in the Soviet Union and China.
In the Acemeglu, Johnson and Robinson article, “Institutions as a Fundamental Cause of Long Term Growth”, the authors emphasize how institutions are the main determinant of economic development because stronger institutions allow for more growth in education, security, and health. To observe whether strong institutions determine economic growth it is important to mention the characteristics of a strong institution that allows for fast growth. Strong institutions are able to enforce property rights, a fair judiciary, efficient bureaucracies, intellectual property rights, corporation government bankruptcy laws, and democracy (e.g. “(Lecture 13)”). Going in depth