Democracy and Development: Cruel Dilemma or Symbiotic Relationship
AbstractThe paper dissects the hypothesis that democracy is inimical to economic development. The historical origin of this perspective is presented and its key theoretical and empirical assumptions are examined and assessed. The chief conclusion is that there is no necessary tradeoff between democracy and development. When compared to authoritarian regimes, democracy is more likely to foster an environment that facilitates the innovative and entrepreneurial process so essential for sustained development. On the other hand, democracy is better for development only when accompanied by an expansion of markets and competition. Democracy without markets is unlikely to deliver significant growth. In this context, liberalized international trade can act in a productive symbiosis with democratic institutions to promote development by facilitating bilateral flows of ideas, knowledge, goods, services, and technology. Copyright 2002 by Blackwell Publishing Ltd
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Wiley Blackwell in its journal Review of Development Economics.
Volume (Year): 6 (2002)
Issue (Month): 2 (June)
Contact details of provider:
Web page: http://www.blackwellpublishing.com/journal.asp?ref=1363-6669
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Tang, Sam Hak Kan & Yung, Linda Chor Wing, 2008. "Does rapid economic growth enhance democratization? Time-series evidence from high performing Asian economies," Journal of Asian Economics, Elsevier, vol. 19(3), pages 244-253, June.
- Jessica Henson Decker & Jamus Jerome Lim, 2008. "What fundamentally drives growth? Revisiting the institutions and economic performance debate," Journal of International Development, John Wiley & Sons, Ltd., vol. 20(5), pages 698-725.
- Jac, Heckelman, 2009.
"The connection between democratic freedoms and growth in transition economies,"
21533, University Library of Munich, Germany.
- Jac C. Heckelman, 2010. "The Connection between Democratic Freedoms and Growth in Transition Economies," Applied Economics Quarterly (formerly: Konjunkturpolitik), Duncker & Humblot, Berlin, vol. 56(2), pages 121-146.
- Mireille Razafindrakoto & François Roubaud, 2005. "Les pauvres, la démocratie et le marché : une analyse à partir de trois séries d'enquêtes auprès de la population malgache," Revue d’économie du développement, De Boeck Université, vol. 19(1), pages 53-89.
- Robert Neumann & Peter Graeff, 2010. "A Multitrait-Multimethod approach to pinpoint the validity of aggregated governance indicators," Quality & Quantity: International Journal of Methodology, Springer, vol. 44(5), pages 849-864, August.
- Mihai Mutascu & Anne-Marie Fleischer, 2011. "A Logit Analysis Of Development And Democracy. The Romania’S Case," Analele Stiintifice ale Universitatii "Alexandru Ioan Cuza" din Iasi - Stiinte Economice, Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, vol. 2011, pages 173-182, july.
- Eduardo Sanz-Arcega, 2013. "The Nonexistence of the cruel dilemma or the unlikely prosperity of the economic system of freedom in the absence of it," Documentos de Trabajo (DT-AEHE) 1308, Asociación Española de Historia Económica.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing) or (Christopher F. Baum).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.