By Morton H Halperin, Joseph T Siegle, Michael M Weinstein
Reviewing forty years of difficult, empirical info, from China and India to Chile and Iraq, the authors exhibit that terrible democracies beat terrible autocracies in each financial degree. furthermore, the authors supply dramatic facts that democracies are much less prone to struggle one another and that terrorists extra frequently locate shelter in authoritarian international locations resembling Egypt, Saudi Arabia, and Pakistan.
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Extra resources for The Democracy Advantage: How Democracies Promote Prosperity and Peace
The rationale is that this would detract from making these allocations on hardheaded, technical economic criteria. By overlooking democracy’s developmental contributions, however, the effectiveness of many internationally funded development initiatives is muted. Worse yet, ignoring the political dimension can at times cause international development efforts to inadvertently undermine nascent democratization efforts— a subject we focus on in Chapter 5. Accounting for Democracy’s Shortcomings None of this is to say that the mere establishment of a democracy is going to solve all of a nation’s problems—far from it.
The ups and downs of economic growth in low-income countries are smaller in democracies. Rather than experiencing alternating bouts of boom and bust, economies in democracies are more likely to undergo a stable pattern of moderate gains and small declines. For poor democracies, that quality of steadiness is exceedingly important, for it means that they are more able than countries run by dictators to avoid economic and humanitarian catastrophes. For broad segments of their populations, this is the difference between life and death.
The flow of revenue in turn would provide the company with an incentive to sustain and expand its services. Alas, before long, populist candidates in some of those countries were declaring that essentials like electricity should be provided to the public for free, or at least at reduced cost. The proposals threw the company’s planning into disarray and discouraged further investment, not just by the energy provider but any foreign company. Advocates of authoritarian governments as the surest route to economic development say they offer greater security to outside investors because a smaller number of people in power reach decisions more quickly and more certainly.
The Democracy Advantage: How Democracies Promote Prosperity and Peace by Morton H Halperin, Joseph T Siegle, Michael M Weinstein