Democracy and Development: Exploring the Expected Association


Khandakar Q. Elahi and
Constantine P. Danopoulos




Abstract

Many social scientists, particularly in North America, believe that democracy hinders development. This paper discredits this obscure opinion by clarifying the conceptions of democracy, capitalism and development: Democracy, the theory of a political system of the non-communist state, is founded on the political wisdom that people are the sovereign authority of the state, and government, which executes this sovereign power, is their deputy. Capitalism, the economic system of the non-communist state, rests on the belief that an economy prospers rapidly if individuals are allowed to own and accumulate private property, because human beings are selfish by nature. Development is the performance of capitalism. Since democracy promotes individual’s liberty, including the right to own and accumulate private property, it is supposed to......

Join Now to view the rest of this term paper!
Members: Login to view this research paper.

Title: Democracy And Development
Approximate Word Count: 6624
Approximate Pages: 27 (250 words per double-spaced page)

With the Term Papers Lab Membership Pass, you get instant access to every essay on this site, including this essay on Democracy And Development, for as long as you remain a member.

Other essays sites charge almost $100 for a single term paper. At Term Papers Lab, you can get instant access to over 100,000 research papers for as little as $29.95!