Question

1. Does the political freedom existing in democracies always aid economic growth? Why?.

2.Why is China still poor in per capita terms despite having the second-largest economy in the world in terms of real GDP?

Answer 1

Answer 1)

Democracy is such a political arrangement whereby individuals reserve the option to pick their delegates. They have the privilege to choose their chiefs or political heads . Likewise individuals appreciate common and social rights, political freedoms under democratic arrangement . This accommodates political and social security in the nation. Any type of coercion, absolutism or autocracy is missing. Popular government likewise takes into account some level of monetary opportunity. This prompts better investment environment, accumulation of human capital, and appropriate for a mixed economy culture. Thus these variables lead to financial or economic development.

Political liberty has no direct associate with financial development and it can't be found out that it will consistently prompt development however we can hope to appreciate monetary development under such a political arrangement if different elements prompting sound financial development.

Note: Only first question is answered, according to the chegg policy.