Choose if the given statement is true/false.

Economic development is more in countries having dictatorships than in countries having democracy.

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True

False

answer is A.

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Detailed Solution

The above statement is true.
Economic development is more in countries having dictatorships than in countries having democracy. On comparing the economic growth rates of different countries from 1950 to 2000, it can be concluded that democratic countries face issues like economic inequality and a widening gap between the rich and poor. All democratic regimes had a growth rate of 3.95%, while all dictatorial regimes had a growth rate of 4.42%, Poor countries under dictatorship had a growth rate of 4.34%, and poor countries under democracy had a growth rate of 4.28%. These numbers show that democratic countries had less economic growth. Though there might be other factors, rising inequality is one of the key reasons behind less economic growth in countries having democracy.

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