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A democratic political system is an essential condition for sustained economic progress?
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.
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LaoTypically 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 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.
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
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.
