a democratic political system is an essential condition for sustained economic progress? low wen...
TRANSCRIPT
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A DEMOCRATIC POLITICAL SYSTEM IS AN ESSENTIAL CONDITION FOR
SUSTAINED ECONOMIC PROGRESS?
LOW WEN LING 219004LOW PUI WAH 219098TAN KAR HEIM 219173LIM PEK CHEE 219785CHARLES ROY BENNY ANAK SEMILAN 220196
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• What is democratic political system?
• Citizen directly involved in decision making
• A research stated: 4 element in democratic
• Free and fair election
• Active participation of citizen in country
• Human right protected
• Rule of laws
• Autocratic / Totalitarianism
• Form of government which one person or political party.
• Absolute control all over the human in the country.
• Is a total dictatorship.
INTRODUCTION
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DEMOCRACY - CAPITALIST
• Interrelated
• private sectors are allowed to own assets and this right of ownership provides a POWERFUL INCENTIVES for people to work hard and innovate products
• KOREA (autocratic to democratic)
• U.S (grew rapidly over two centuries)
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WHY DEMOCRATIC POLITICAL SYSTEM ?
• More innovations
• Opening up economy
• Transparency of economy
• For long term success
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Aung San Suu KyiA Burmese opposition politician,
Chairperson of the National League for Democracy (NLD)
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American politician, U.S. Senator from Vermont, Candidate of 2016 U.S. presidential election.
Bernie Sanders
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WHY DEMOCRACY?
• Protection Of The Rights
- Human Rights.
- Civil Rights
-Voting Rights
• Freedoms Of Individuals
• Fair Chance
• Anti-unfavorable right.
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Cost of living
Malaysia Myanmar
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“DEMOCRATISATION AND GROWTH”BY ELIAS PAPAIOANNOU AND GREGORIOS- "within-country" growth effects
- compare economic outcomes before and after the enactment of democratic reforms
- examining annual real per-capita GDP
- shifting - resulted in 1 percent annual increase in GDP- unclear - democratic reform solely responsible for economic
growth?- economic growth may be correlated with democratic reform, the
direction of the causation remains a question.
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NON-DEMOCRATIC SYSTEMS THAT PROVIDED STRONG ECONOMIES• China, a totalitarian state, has been much more
successful at promoting economic growth than India, a democracy.
• Nazi Germany and Fascist Italy, two countries that managed to rapidly spring their countries out of the depression while most democracies continued to suffer for another decade.
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CONNECTION BETWEEN POLITICAL SYSTEM & ECONOMIC DEVELOPMENT
• it’s not the nature of a country’s political system that determines the course of its economic development - the intelligence of the policies implemented
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KOREA
• 26 years of autocratic ascend poverty to prosperity
• Spawning the idea of autocratic were good for development - up to a point!
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• “The gem without luster called democracy was meaningless to people suffering from starvation and despair” –Park Chung Hee
• Democracy couldn’t function before a higher level of development achieved
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CORRELATION DOES NOT IMPLY CAUSATION
• Democracy not necessarily lead to growth
• South Korea(1980) – began democratic but the better institution developed due to dictators’ policy choices
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DEMOCRACY IN ZIMBABWE
• Democracy is not all “Sweet Child O’ Mine” to every country to apply…..
• Zimbabwe – started democratic governance in 2000 and having failure since then
• Widespread of human rights on elections
• economic - hyperinflation
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