0
Between economic growth and democracy, economic growth should come first. When a country is able to develop in terms of the economy, then it becomes easier to embrace democracy.
Wiki User
∙ 10y ago
Add your answer:
Earn +20 pts
What is necessary for economic growth?
the first and formost aspect in economic growth is human resource development..as we will do more investment in human capital by investing particularly in education and health, we ll get more growth in our economy..to develop the human resources is most important
How does poverty make it difficult for democracy to flourish?
For two primary reasons, poverty makes it tremendously difficult for democracy to flourish. First, a democracy thrives through economic vitality -- the movement of money, goods, and services through all levels of social markets. Second, a democracy thrives through active participation of its citizens: impoverished citizens must focus on basic economic survival rather than the more general good of (and active political participation in) society.
Describe and analyze how economic stability is measured?
Economic stability is measured in two ways. First it can be measured by the coefficient of variation (stability of output growth) or secondly by the 10 year average for inflation.
Should individual freedom be sacrificed in order to achieve economic growth?
Individual effort is the basis of any form of economic growth. And as history has shown - just look at the Communist countries after WW2 - individual effort is rarely if ever stimulated by lack of personal freedom. So in order to have economic growth, the people that have to realize it have to feel that their efforts will result in a better future for themselves. A government that tries to start economic growth by sacrificing personal freedom, will find that people won't have that trust in the future. Just look at China: the leadership first had to promise greater freedoms before the economic boom could start.
What is the first thing you should do in conducting an economic analysis?
The first step in the process of conducting an economic analysis is to identify appropriate economic indicators for specific economic forecasts or trends.
What are the first signs of economic growth for a country?
According to the Wise Greek website, the first signs of economic growth for a country are unemployment rates dropping and surplus amounts of products.
Which civilization was to have the first great democracy in the world?
It is believed that Democacy was first founded in Athens, Greece around 5th century BCE. The word democracy comes from Greek, 'Demokratia'. Some scholars believe forms of democracy were established before the Greeks in older civilizations.
What is necessary for economic growth?
the first and formost aspect in economic growth is human resource development..as we will do more investment in human capital by investing particularly in education and health, we ll get more growth in our economy..to develop the human resources is most important
What was the cradle of democracy?
Let us first define democracy!Democracy comes from the Greek words:Demos meaning "people"Kratia meaning "rule"Therefore, democracy means "people rule" or in other words people have the right to criticize the government and express their views freely.
Was greece the first country?
Yes, the term democracy comes from a Greek word meaning popular government. Democracy started in several Greek cities, notably Athens, around 500BC
Should science comes first to technology?
yes of course.. science is needed for the growth of technology
What was Christian democratization?
it is basically a belief or policy set up by christian democratic parties. the Christian Democratic Parties were first introduced to Europe after the Cold War. At first they were conservatives and were obliged to protect the social, political, and educational interests of the church. At the same time they opposed communism. They later advocated democracy, social reform, economic growth, and anticommunism.
How does poverty make it difficult for democracy to flourish?
For two primary reasons, poverty makes it tremendously difficult for democracy to flourish. First, a democracy thrives through economic vitality -- the movement of money, goods, and services through all levels of social markets. Second, a democracy thrives through active participation of its citizens: impoverished citizens must focus on basic economic survival rather than the more general good of (and active political participation in) society.
Describe and analyze how economic stability is measured?
Economic stability is measured in two ways. First it can be measured by the coefficient of variation (stability of output growth) or secondly by the 10 year average for inflation.
Was the democracy in America the first democracy ever crated?
No, the ancient greek invented democracy and the first to use it. Democracy roughly translates to "the people rule" from greek
Functions of international monetary fund?
The International Monetary Fund was first established to help in the reconstruction of the payment system after World War II. Its function is to help with economic and global growth.
Should individual freedom be sacrificed in order to achieve economic growth?
Individual effort is the basis of any form of economic growth. And as history has shown - just look at the Communist countries after WW2 - individual effort is rarely if ever stimulated by lack of personal freedom. So in order to have economic growth, the people that have to realize it have to feel that their efforts will result in a better future for themselves. A government that tries to start economic growth by sacrificing personal freedom, will find that people won't have that trust in the future. Just look at China: the leadership first had to promise greater freedoms before the economic boom could start.
