13. So… 2. Is democracy a good thing or bad thing for economic development?
14. 2.1 Disadvantages of Democracytoeconomic development 1.Needahugeeconomiccostfor reaching democracy 2.Reducetheefficiencyofeconomicpolicy,especiallywhenthepolicyisright. 3.Toomuchemphasisondemocracyleadthemarketandevensocietytoconfusion.
15. Democracy has ahugeeconomiccost: Cost of Institution Cost of Implement Cost of Chance Cost of Risk
16. The Cost of Democracy:radical change of Eastern Europe
17.
18. “do not engage in any 'democratic', as there will be no good results! Please do not let the situation in chaos, stability is the first one.“(2006)—— Mikhail Gorbachev (Russian President of the Soviet Union (1985-91))
19. ConfusionofSociety: Tiananmen Event, China, 1989 The Statue of Democratic Goddess on Tiananmen Square. People: Too Irritated to get democracy The government: Too conservative the result of the event is terrible.
20. 2.2 Advantages of Democracy to economic Development… 1. Get balance in wealth distribution 2. Supervise power and rectify mistakes protect economy from social and political disaster 3. Ensure the stability of economic development with a good political institution, although not a good leader
21. The bigger the Gini Index, the bigger gap between Rich and Poor. Get Balance in Distributing Economic Achievement Pay attention to China again, Some people appeal that its time for China to reform its political system in order to distribute its economic achievement more fair.
22. To prevent social and political disaster which harmful to economy The Great Leap Forward. It is said that more than 30 million people died in famine after the movement. Seems natural disaster, but actually political.
23. Contribute a good system, but not a particular leader DEMOCRACY Depends on Human votes Depends on the majority a better result Undemocratic depends on the highest leader IF he is wrong all the results are terrible
24. 3. Conclusion:Maximum the Benefit and Minimum the Risk To sum up, democracy is a contextual thing which may cause both positive and negative impact on economic development at different situations.
25. democracy can promote or at least protect economic development when… The particular democratic policies suit to the level of economic development The country can afford the cost without toil Good opportunity and stable politic condition.
29. Henes Chi and Vida CAI Instructor: Professor Michael E. DeGolyer b630400012@mail.uic.edu.hk or caiweichao@gmail.com POLS 1120 2009 Summer
30. 1. Is Democracy the Best Setting For Strong Economic Growth? http://online.wsj.com/public/article/SB117330214622129995-wXADlsfRHp9Z34RAyyVjN_w1yBI_20080311.html 2. Is Democracy Good for Economic Growth? http://www.objectivistcenter.org/cth--259-Is_Democracy_Good_Economic_Growth.aspx 3. Does Economic Success Require Democracy? http://www.american.com/archive/2007/may-june-magazine-contents/does-economic-success-require-democracy 4. Development and Democracy http://www.foreignaffairs.com/articles/61023/bruce-bueno-de-mesquita-and-george-w-downs/development-and-democracy 5. Website relating to Tiananmen Incident http://www.hkhkhk.com/ Websites
31. 6. Democracy Journal http://www.democracyjournal.org/ 7. Democracy and Economic Development http://politics.as.nyu.edu/docs/IO/2800/sisson.pdf 8. Balancing democracy, market economy http://www.firmaspress.com/546.htm 9. Economic Development and Democracy http://www.cla.wayne.edu/polisci/kdk/seminar/sources/robinson.pdf 10. The Relationship Between Economic Development and Democracy in Africa http://www.politik.uni-trier.de/pubs/ma/olk.pdf 11. Economy and democracy: Don't turn out the light http://www.thejakartapost.com/news/2004/06/22/economy-and-democracy-don039t-turn-out-light.html Websites
32. 12. Political Freedom and Economic Well-being: A Causality Analysis http://www.ecomod.net/conferences/ecomod2003/ecomod2003_papers/Kirmanoglu.pdf 13. Political Freedom and The Stability of Economic Policy http://www.cato.org/pubs/journal/cj24n3/cj24n3-4.pdf 14. Freedom Democracy and Economic Welfare http://www.fraserinstitute.org/researchandpublications/publications/3116.aspx 15. Economic Freedom and Economic Growth in Mexico http://www.ncpa.org/pub/ba605 16. Empirical Linkages Between Democracy and Economic Growth http://www.jstor.org/pss/194169 17. Democracy and Economic Development http://www.jstor.org/pss/422069 Websites
33. 18. Democracy, Economic Development, And Income Inequality http://www.jstor.org/pss/2095732 19. Inequality, democracy, and economic development http://books.google.com/books?hl=en&lr=&id=kkDcBWDxAB0C&oi=fnd&pg=PA1&dq=Democracy+AND+(economic+development+OR+growth)&ots=eccIbkll-Q&sig=i7wyo0NJmCu-Q1qqFRL7hDJnDLo 20. Democracy and Economic Growth: A Causal Analysis http://www.jstor.org/pss/422444 Websites