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Democracy and Development - Political Institutions and Well-Being in the World, 1950-1990 (Hardcover)
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Democracy and Development - Political Institutions and Well-Being in the World, 1950-1990 (Hardcover)
Series: Cambridge Studies in the Theory of Democracy
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Is economic development conducive to political democracy? Does
democracy foster or hinder material welfare? These two questions
are examined by looking at the experience of 135 countries between
1950 and 1990. Descriptive information, statistical analyses, and
historical narratives are interwoven to gain an understanding of
the dynamic of political regimes and their impact on economic
development and other aspects of material welfare. The findings,
several most surprising, dispel any notion of a trade-off between
democracy and development. Economic development does not generate
democracies but democracies are much more likely to survive in
wealthy societies. Political regimes have no impact on the growth
of total national incomes, while political instability affects
growth only in dictatorships. Per capita incomes grow faster in
democracies since population increases faster under dictatorships.
In general, political regimes have more of an effect on demography
than on economics.
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