Economic Outcomes of Democracy

  • Table 1 shows that on an average dictatorial regimes have had a slightly better record of economic growth. But when we compare their record only in poor countries, there is virtually no difference.

  • Table 2 within democracies there can be a high degree of inequalities. In democratic countries like South Africa and Brazil, the top 20 percent of people take away more than 60 percent of the national income, leaving less than 3 percent for the bottom 20 percent population.
    Countries like Denmark and Hungary are much better in this respect.
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Davneet Singh

Davneet Singh has done his B.Tech from Indian Institute of Technology, Kanpur. He has been teaching from the past 14 years. He provides courses for Maths, Science, Social Science, Physics, Chemistry, Computer Science at Teachoo.