China's growth contradicts the links between democracy and growth Essay

Chinas growth contradicts the links between democracy and growth. Discuss - Essay Example alongside democracy, capital and labor are some of the critical factors considered to restrain a significant effect on economic growth in the long run. in that location have been misconceptions that Chinas economic growth is cerebrate to the fact that China is a one-party state that upholds the authoritarian form of government. These mistaken views have influenced other countries to believe that authoritarian rule contri besideses hugely to economic growth, although Chinas growth is tied to relaxation of semi governmental and economic reforms, which have conduct to reduced authoritarianism. Chinas growth contradicts the links between democracy and growth Chinas growth contradiction with democracy has brought about crookedness in the fact that the worlds richest countries attribute their success and growth to being of democracy in their systems. The belief that economic development are li nked to democracy is getting weaker as authoritarian regimes like China are proving that they have the capability of achieving economic growth without putting any efforts on policy-making democracies. However, it remains a fact that high per capita income in democratic states has a significant effect in achieving stable and increasing economic growth. Over the locomote twenty-five years, Chinas has maintained tremendous economic growth with rigid political aspects that have remained closely tied to authoritarian form of governance. This stagnation in political reforms has negated the concept of economic growth, resulting in educated citizens who later pressure the most authoritarian governments to all in allow for democracies in which they themselves can exercise control over political situations for the benefit of the entire country. Claims that democracy does not contribute to economic development arise with respect to governments function of representing the common needs of al l the citizens. Different requirements, views, and opinions of different citizens necessitate the government to function independently and represent the collective views of all citizens other than needs of a few individuals. Democracy existence is said to be a hindrance to the independence a government in fostering economic growth and effective citizen representation. The government is given the responsibility of collecting taxes and putting the revenue into productive use with respect to aggregate preferences of citizens. Therefore, democracies may become obstacles for governments rational functionality however, multiparty systems in voting in governments may represent rational preferences that meet a variety of conditions to a limited proportion. Moreover, democracy may reflect a system of governance that meets requirements of citizens but does not foster aggregate preferences such as economic prosperity. However, autonomy of the government in countries like China only infringes on political liberty and not economic freedom. Lack of political freedom is depicted by the single party governance where the government places independent emphasis on liberalization of foreign and private investment. Usually, authoritarian governments that have liberalized their economies are statistically proved to economically