Democracy and Growth

Democracy and Growth
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Przeworski and Limongi (1993), through the article, aim to explore whether democracy in the partisan aspects fosters or hinders economic development. The aspect that makes democracy to be considered a barrier to growth is the pressure from immediate consumption. It is a factor that reduces investment. According to the articles, the states that have been institutionally coated from these pressures can resist these pressures. An argument presented against dictatorship is that the bureaucratic rulers have no elevating in increasing the total production.
The impression that democracy guards property rights is farfetched. The economic impacts of democracy are always at the epicenter of the debates over the past century. Conservatives believ...