Download The Democracy Advantage: How Democracies Promote Prosperity by Morton H Halperin, Joseph T Siegle, Michael M Weinstein PDF

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By Morton H Halperin, Joseph T Siegle, Michael M Weinstein

Reviewing forty years of tough, empirical information, from China and India to Chile and Iraq, the authors express that bad democracies beat bad autocracies in each monetary degree. moreover, the authors provide dramatic proof that democracies are much less prone to struggle one another and that terrorists extra usually locate shelter in authoritarian international locations equivalent to Egypt, Saudi Arabia, and Pakistan.

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Extra info for The Democracy Advantage: How Democracies Promote Prosperity and Peace

Sample text

These figures are particularly noteworthy in that the 1990s were a period of great economic volatility among democracies. Of the 15 instances since 1960 in which a democracy experienced a contraction of more than 10 percent of GDP, 11 occurred in the 1990s. Ten of these 11—all but Thailand in 1998— were transitioning from a communist economic system. Nonetheless, even during the 1990s among countries with per capita GDP’s under $4,000, democracies experienced economic disasters at roughly half the rate of states below the democratic threshold (3 percent versus 6 percent).

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. 18 In such a context, there is a great temptation for politicians to fan factional conflicts to gain the support of this group or that. This is particularly the case in winner-take-all societies that lack established checks on public authority, a tradition of professional journalism, norms of compromise, and transparency.

Another distinguishing characteristic of democratic growth is its relative stability. 3). 27 To a large extent, this reflects democracies’ tendency to avoid disastrous economic outcomes. If we consider the 20 worst per capita economicgrowth rates for each of the past four decades, we find that only five of these 80 “worst performers” have been democracies—Mauritius in 1968, Bangladesh in 1972, Nigeria in 1981, and Latvia and Lithuania in 1992. The same pattern holds up in proportionate terms. 4 percent.

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