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A democratic political system is an essential condition for sustained economic progress?
Wiki User
∙ 11y ago
Typically the advantage of the free market economy coupled with a democratic political system is best suited for sustained economic progress. The free market economy offers basic incentives for entrepreneurship versus a state-owned which would offer nothing. The sustainability will be a direct derivative of competition which also would be non-existent in a state owned economy. Hill the author, claims China, South Korea, Taiwan, Singapore, and Hong Kong have all been exceptions to the rule citing each fostering a market economy with strong property rights protection. Hill continues to tell us that a democracy may not be a condition of economic stimulation but subsequent growth may follow with a democratic regime.
Brandy Ortiz
Wiki User
∙ 11y agoTypically the advantage of the free market economy coupled with a democratic political system is best suited for sustained economic progress. The free market economy offers basic incentives for entrepreneurship versus a state-owned which would offer nothing. The sustainability will be a direct derivative of competition which also would be non-existent in a state owned economy. Hill the author, claims China, South Korea, Taiwan, Singapore, and Hong Kong have all been exceptions to the rule citing each fostering a market economy with strong property rights protection. Hill continues to tell us that a democracy may not be a condition of economic stimulation but subsequent growth may follow with a democratic regime.
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A democratic political system is an essential for sustained economic progress?
yes a good democratic system of govt can sustain economic progress yes a good democratic system of govt can sustain economic progress
A democratic political system is an essential condition for sustained economic progress Discuss?
A democratic political system allows everyone's opinion to be heard and considered. This means that those in business have the right to raise concerns on issues pertaining to their businesses. It also allows for reforms or improvements to be done in areas that may not be working properly.
What war caused sustained economic growth?
World War 2 caused sustained economic growth.
What is a sustained crisis?
Sustained crises are types of crises that can persist for months or even years. These types of crises can result from media rumors or speculation.
What factors contributes to the shrinking of the workforce even though economic growth is sustained?
Even though economic growth is sustained, the workforce is shrinking because of increased automation and the aging of the population.
A democratic political system is an essential for sustained economic progress?
yes a good democratic system of govt can sustain economic progress yes a good democratic system of govt can sustain economic progress
A democratic political system is an essential condition for sustained economic progress Discuss?
A democratic political system allows everyone's opinion to be heard and considered. This means that those in business have the right to raise concerns on issues pertaining to their businesses. It also allows for reforms or improvements to be done in areas that may not be working properly.
What condition necessary for the sustained flow of water in a pipe?
negative pressure is needed for a sustained flow of water in a pipe.
What condition is necessary for the sustained flow of water in a pipe?
negative pressure is needed for a sustained flow of water in a pipe.
Why is post production essential?
to ensure the system will continue to be sustained after production lines have closed.
Why is post production support essential?
to ensure the system will continue to be sustained after production lines have closed.
Why is transport materials essential in living organisms?
Essential materials, such as nutrients and oxygen have to be transported to different parts of the body in living organisms. Without this mechanism, life will not be sustained.
Why is transport of materials essential in living organisms?
Essential materials, such as nutrients and oxygen have to be transported to different parts of the body in living organisms. Without this mechanism, life will not be sustained.
A period in a civilization's history when there is sustained political stability and major achievements?
A Golden Age
What is essensial hypertension?
Essential hypertension is presence of sustained hypertension (>140/90) mm hg without any presence of disease.
What analogous condition for the sustained flow of charge in a wire?
For example, you can make an analogy with the flow of water in a tube.
What are the condition for sustained interference?
sustained interference patter is the pattern in which positions of maxima and minima remains fixed all along the slits.conditions for sustained interference aresoureces must be coherentsources should emit light continouslysources must be close to each othersources should be narrow
