Growth and Poverty Reduction Does Political Regime Matter?
This essay explores the relationship between political regime and critical economic outcomes such as economic growth and poverty reduction. The organization of the paper is as follows. Section 2 makes a brief review of the economic performance of developing Asian economies over the last four decades. As these economies have varied significantly in terms of economic outcomes as well as their political complexions, a simple juxtaposition of the two would suggest a link between political regimes and economic outcomes. Given this apparent association between political regimes and economic outcomes, this section argues that the superior economic performance (in terms of economic growth and poverty reduction) of the authoritarian or semi-authoritarian East Asian economies, compared to their democratic counterparts, can be attributed to their underlying differences in the process of policy making, in the nature of the bureaucracy, and in the type of economic governance. Sections 3 through 5 provide further elaboration on this. The paper ends in Section 6, which offers some concluding remarks.
|Date of creation:||May 2003|
|Date of revision:||Jun 2003|
|Publication status:||Published in Growth and Poverty: The Development Experience of Bangladesh ,edited by Sadiq Ahmed and Wahiduddin Mahmud , The University Press Limited , for The (2006): pp. 73-92|
|Contact details of provider:|| Postal: Ludwigstraße 33, D-80539 Munich, Germany|
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- Adam Przeworski & Fernando Limongi, 1993. "Political Regimes and Economic Growth," Journal of Economic Perspectives, American Economic Association, vol. 7(3), pages 51-69, Summer.
- Acemoglu, Daron & Johnson, Simon & Robinson, James A, 2002. "An African Success Story: Botswana," CEPR Discussion Papers 3219, C.E.P.R. Discussion Papers.
- Rana Hasan & M.G. Quibria & Yangseon Kim, 2003. "Poverty and Economic Freedom: Evidence from Cross-Country Data," Economics Study Area Working Papers 60, East-West Center, Economics Study Area.
- Sen, Amartya, 1983. "Development: Which Way Now?," Economic Journal, Royal Economic Society, vol. 93(372), pages 742-762, December.
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