Number of words:702
In the world we
live in today, It is believed that democratic governments are the
best way to go if a country wants to become economically successful.
It is also believed that governments ruled by dictators undergo
economic failures. There was research going on to determinate
whether economic success depends on the type of government a country
has. The result showed that democracy was not the direct cause of
economic growth. “
One group of economists found growth induced democracy in East Asia;
democracy did not leas to growth”(The
Economist).
Another research made was comparing the economic growth between
countries with both political and economical freedom to countries
that were economically free but were politically repressed. The
result also proves that the democracies are not the only way to get
to a successful economic growth of a country. “Between 1991 and
2005, the countries that were economically free but politically
repressed grew at 6.28% annually. Comparatively, the countries that
were both economically and politically free grew at 2.62%. in other
words some dictatorial regimes make better economic decisions for
citizens than democratic ones”( "Democracy Correlated with
Economic Growth?"). With these results it can be inferred that
after all, all dictatorships are not bad and with a good dictator who
knows how to manage the state resources for betterment of the country
and its people, can keep the countries economy growing.
Lets
take Korea as an example, “ Modern Korea shows that dictators maybe
able to bring about economic development”("Business &
Money''). For 26 years, South Korea was a country that was largely
dominated by autocrats. From 1961 to 1979, Park Chung Hee was the
ruler of that nation and during that time Korea went from a state of
poverty to a state prosperity, they build industries, electronics,
cars, etc. “Korea simply couldn't function as a democracy before a
higher level of development was achieved. '' The gem without luster
called democracy was meaningless to people suffering from starvation
and despair,'' Chung Hee once wrote”(''Business& Money''). Due
to the growth that Korea had experienced, eventually dictatorship
failed. Democracy took place and there was greater increase in the
economy. This is to show that dictatorship can be needed and even
helpful to bring some countries out of poverty and make their economy
grow but up to a point then it might be time for democracy. There is
a country that is still surprisingly keeping its economy growth at a
high rate and still doesn't change into a democracy, that country is
China. “ Beijing’s leadership believes the country can develop a
modern, market-oriented economy without political openness. In fact,
they see democracy as a threat to the nation's economic
progress”(''Business & Money''). China has showed another
example of how a country can prosper without being completely a
democracy. China economy is growing at a much faster rate than many
other democracies, “ China's economic growth rate kicked up 7.8% in
the third quarter over a year ago, faster than rates of 7.7 in the
first quarter and 7.5 in the second”("The Wall Street
Journal").
Dictatorship
can be successful in helping bring a country from a poverty place to
a certain economic growth that is why it is needed in developing
countries. Most people thought that developing countries are just in
need of a democratic government for their economy to start
developing. But the example of South Korea shows that a dictatorship
might be the right government to start improving the economy of some
countries like developing countries. For example Egypt's
precipitation into starting a democratic government lead to “
Egypt's economic continuous losses in all its sectors”( "Egypt
Economy Continues Downward Trend''). May be Egypt wouldn't have
suffer this economic crisis if it had waited to reach that
economically stable growth state, where democracy would have been
crucial for higher economical development. Despite what is commonly
said, that developing countries need democracy for their economy to
grow and their well being, after looking at the results of these
researches it can be inferred that economy is not a directly cause by
the type of government. Also it can be inferred that dictatorship can
help develop the economy of some developing countries to some extent.
Resources
- The Economist. The Economist Newspaper, n.d. Web. 07 Nov. 2013. <http://www.economist.com/blogs/freeexchange/2013/03/growth-0>.
- "Democracy Correlated with Economic Growth?"The Economic Times. N.p., n.d. Web. 07 Nov. 2013. <http://articles.economictimes.indiatimes.com/2012-02-28/news/31107886_1_economic-growth-hdi-countries>.
- "Business & Money."Business Money Is Democracy Necessary for Economic Success Comments. N.p., n.d. Web. 07 Nov. 2013. <http://business.time.com/2010/11/05/is-democracy-necessary-for-economic-success/>.
- "The Wall Street Journal."China Needs 7.2% Growth to Ensure Employment(n.d.): n. pag. Web. <http://online.wsj.com/news/articles/SB10001424052702303482504579179033609323974>.
- "Egypt Economy Continues Downward Trend - Al-Monitor: The Pulse of the Middle East."Al-Monitor. N.p., n.d. Web. 07 Nov. 2013. <http://www.al-monitor.com/pulse/originals/2013/09/egypt-economy-gulf-aid.html>.
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