Democracy is obstacle to economic growth

The statement “only democracy leads to development” seems untrue. It is a fact that many developed countries are democratic. However, their development cannot be attributed only to their democratic system. Most of the Western countries’ success stories are presented to prove the necessary link between development and democracy. Nevertheless, in doing so, the proponents of democracy overlook other factors responsible for the development of the West. Western European states, for example, had been colonial powers in the past. They overexploited their colonies. Through this looted wealth, they developed infrastructure and dynamic institutions needed for development. Another factor also proves this claim is ill-founded. Several Asian countries, including Singapore, China, South Korea, and Thailand attained development without democracy. Even Lee You Kuwana, Singapore’s charismatic leader, used to consider it anathema to development. In Lee Kuan Yew’s words,

 “democracy is an obstacle to economic success”

Author: Rana Amir Iqbal

Disclaimer:
-Writer’s view may not necessarily reflect views of the Moderate Thoughts Research Center.

410 COMMENTS

  1. Right here is the right blog for anybody who wishes to
    understand this topic. You know so much its almost hard to argue
    with you (not that I really will need to…HaHa). You definitely
    put a fresh spin on a subject that’s been discussed for ages.
    Wonderful stuff, just excellent!

  2. I feel that is one of the such a lot vital info for me. And i’m glad
    reading your article. But want to remark on some basic issues,
    The site taste is wonderful, the articles is truly excellent : D.
    Good task, cheers

  3. I will immediately clutch your rss as I can not in finding your e-mail subscription hyperlink
    or newsletter service. Do you have any? Please allow me understand so that I may subscribe.

    Thanks.

  4. An outstanding share! I have just forwarded this onto a colleague who had been doing a little research
    on this. And he in fact ordered me breakfast due to the fact that I stumbled upon it for him…
    lol. So let me reword this…. Thank YOU for
    the meal!! But yeah, thanks for spending some time to talk about this subject here on your website.

  5. When someone writes an paragraph he/she maintains the image of a user in his/her brain that how a user can understand it.
    Thus that’s why this piece of writing is outstdanding.
    Thanks!

  6. I am extremely impressed with your writing skills
    as well as with the layout on your blog. Is this a paid theme or did you customize it
    yourself? Either way keep up the nice quality writing,
    it is rare to see a great blog like this one today. scoliosis surgery https://0401mm.tumblr.com/ scoliosis surgery

  7. [url=http://buycialiswithnorx.com/]tadalafil for sale online[/url] [url=http://viagralf.com/]canada viagra otc[/url] [url=http://tadalafilem.com/]tadalafil tablets 80 mg[/url] [url=http://sildenafilbm.com/]sildenafil 20 mg cost[/url] [url=http://antibioticsbuyonline.com/]terramycin for rabbits[/url]

  8. hello my lovely stopforumspam member

    What are the Types of Loans in Ohio depending on the purpose
    Specific purpose payday loans in Ohio. Funds received in debt may be spent only for a specific purpose specified in the loan agreement.
    Non-purpose loan. The debtor may spend the money received at his discretion.
    Most popular specific purpose payday loans in Ohio are:

    House loan. The most common, of course, is a mortgage when the purchased property acts as collateral for a loan. Sometimes a youth loan is issued, with lighter conditions for debtors. Still quite common is a housing loan that does not imply purchased housing in the form of collateral.
    Car loan – payday loans in Ohio to a car or similar vehicle. The key is often the purchased goods, making the terms of the loan better. Also, loan conditions are improved: car insurance, life and health insurance of the borrower, and receiving a salary to the account of the creditor bank.
    Land loan. To purchase a plot for construction or agricultural activities.
    Consumer. For purchases in modern supermarkets, equipment stores, you can take a personal loan right at the point of sale. Often, specialists located there can contact the bank and get a regular or fast payday loans. Borrowed funds automatically pay for the goods, and the consultant explains when and how to re-pay the debt.
    Educational loan. It is issued to students, as well as to applicants who have passed the competition, to pay for tuition at universities, colleges, etc.
    Broker loan. For the circulation of securities, payday loans in Ohio are issued to an exchange broker, se-curities are purchased securities.
    Others. Objectives not related to those listed, but agreed and approved by the creditor.

  9. hello my lovely stopforumspam member

    Welcome to Grosvenor Casinos, where you can play a wide range of casino games, from slots to poker, blackjack, and roulette! There’s something for everyone here – become a member of the casino to have the best of online casino gaming. Our Sportbook offers a range of sports betting odds and is available for pre event or in play bets 24/7 and 365 days of the year. Whether you’re here for football tournaments or the latest betting odds for horse racing, Tennis, Golf, Cricket and even Rugby Union, you are covered.

  10. Normally I do not read article on blogs, however I wish to say that this write-up very compelled me to check out and do so! Your writing taste has been amazed me. Thank you, quite nice post.

  11. Great – I should definitely pronounce, impressed with your web site. I had no trouble navigating through all the tabs as well as related information ended up being truly simple to do to access. I recently found what I hoped for before you know it at all. Quite unusual. Is likely to appreciate it for those who add forums or anything, web site theme . a tones way for your customer to communicate. Nice task.

  12. I like the helpful information you provide in your articles.

    I will bookmark your weblog and check again here frequently.

    I am quite sure I’ll learn many new stuff right here!

    Good luck for the next!

LEAVE A REPLY

Please enter your comment!
Please enter your name here