State whether the statement is true or false:

In analysis of all democracies and dictatorships between 1950 and 2000, democracies have a greater rate of economic growth.

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True

False

answer is B.

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Detailed Solution

The above statement is True.
An analysis of all democracies and dictatorships between 1950 and 2000 shows that democracies have a greater economic growth rate. Democracy's general inability to attain higher economic development is problematic. But this alone should not be grounds to dismiss democracy. Economic growth depends on many factors like population size, global conditions, international cooperation, and financial priorities adopted by each nation. But the difference in the rates of economic development in developing countries with dictatorships and those with democracies is insignificant. In general, we cannot say that democracy guarantees economic development. But that does not mean democracies will lag behind dictatorships in this regard.

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