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" Democracy may hinder economic growth under certain circumstances…
"
Democracy may hinder economic growth under certain circumstances.
". -Yasheng Huang-
Key Comparisons
Democracy promote Cina's economic growth
infrastructures
infrastructures do not guarantee you economic growth
just 10 telephones sets per 1000 people compared to Soviet Union with 107 telephones
Authoritarian Regime
Allows for long-term planning and rapid infrastructure development.
Examples
Over the last 30 years, GDP growth rates of China has grown at twice the rate of India
Advantages
Government can act without being constrained by public opinion or property rights.
Disadvantages
Potential disregard for individual rights and social equity.
Human capital
adult literacy rate in China is 77 percent as compared with 48 percent in India
Women: China 68%; India 33.7%
60-80% of the workforce in China is women, whereas in India, it's all men
Cultural Revolution
China was during the Cultural Revolution while India under Indira Gandhi
out-perfomed India by an average of about 2.2 percent every year about per capita GDP
Life expectancies
Chinese in 1965, you lived 10 years more than an average Indian
Conclusion
This mindmap highlights the main points of Yasheng Huang's analysis, comparing the economic strategies and outcomes of democratic India and authoritarian China.
Yasheng Huang's View
Democracy, while valuable for protecting rights, can sometimes act as a hindrance to swift economic growth.
Authoritarian regimes may achieve faster economic development but at the cost of individual freedoms and social justice.
