Synopsis on

Development Without Democracy Is Not Sustainable

Course Title: Bangladesh Studies
Course Code: GED1103

Prepared for:
Md. Sahidul Islam
Assistant Professor
Faculty of Business Studies
Prepared by:
Team: The Precedence
Aunik Mahmud Niloy
2023011067
Rafiu Bin Rashid
2023011063
Ehteshamul Islam
2023011037
Ukyaching Chowdhury Utsha
2023011019
Al-Imran
2023011071
Bachelor of Business Administration

March 29, 2020

 Development without democracy is not sustainable

Development and democracy, these two not only reciprocate each other, but also substantiate
one another, a point we are trying to prove. Many trans-national studies show a positive
correlation between democracy and economic development, the arch diagnostic being the
length of the time a country has been a democracy, which reinforces our debates and tells us
that economic growth is accentuated by democracy.

Introduction:

Since the inception of this world, there has been a nomenclature in every operation that has
happened commencing from man living in caves to constituting an empire and reining with
divergent concoctions and discoveries. Democracy is a part of the structure that a government
can follow.

Literature review:

Democracy was first inscribed around 508 B.C., in ancient Athens.1 Since its dawn, there
always has been a speculation about which form of government conduces the most economic
development, autocracy or democracy.

According to the economist Michael Todaro, there are three bourns of development:

• Life sustaining goods and services- proliferating the availability and augmenting the
scope of rudimental and vital goods such as food, shelter, health and security
• Higher incomes- to aggrandize the standard of living, along with, besides higher
incomes, the opportunity of more jobs, more literacy rate by providing better education,
greater advertence to human and artistic distinctions, all of which will act not only to
accentuate robustness, but also engender greater personal and public self-confidence.
• Freedom to make economic and social choices- to proliferate the ambit of economic
and social choices accessible to humans and nations by emancipating them from
enslavement and reliance, not only in respect to other individuals and nations, but also
from the vigour of obliviousness and mortal afflictions. 2
Nishkanen (2003) pivots around reconstructed results under alternative political alliances. He
constituted a system that analogises income to optional government utilization into products
and services and taxes. He discovers that autocracies are more likely to compound taxes,
however then spend a higher division of the incomes on optional products. The policies are
profoundly diffident. Taxes are utilized to help the fractions that are amicable to the regime,
leaving most of the population in a "similarly" poor status, for example after-tax income of the
general in a democracy is considerably higher contrasted with autocracy.3

Findings:

What findings actually deserve to mean is the re-evaluation of what the whole research was on.
In testing the hypothesis that democracy promotes economic development, this concept can be
defined by observing the different income levels of autocracies and democracies, along with
the freedom of living of the citizens and their fundamental rights Some insight can be seen by
studying the GDPs and price indexes.

Conclusion:
Political consortiums accredit to be an assertive constituent on the rate of economic growth.
This acclaims and accentuates the development through collaboration of overall democratic
spectrum.

Bibliography:
1. History of Democracy- 2007 Schools Wikipedia Collection (Ancient Greece)

https://www.cs.mcgill.ca/~rwest/wikispeedia/wpcd/wp/h/History_of_democracy.htm?fbclid=
IwAR2dtiobV4JdMj1XlzTLyJ8PhAvvlS4McS_6rKBrXYSxuo5NiKjOR-17wKc

2. Unit 4 Macro: What is Economic Development? - Geoff Riley-8th September, 2012

https://www.tutor2u.net/economics/blog/unit-4-macro-what-is-economic-
development?fbclid=IwAR2pVCnxB2kfFwkFZXhRXh2sDHOyd6bYb8Tam-
2nAMnKHJIa50kH-zxj2cE

3. Political Institutions, Size of Government and Redistribution: An empirical

investigation – Martina Tonizzo – January 2008
http://www.lse.ac.uk/internationalDevelopment/pdf/WP/WP89.pdf?fbclid=IwAR2xIkCtV7G
cexSpwp2BY7H5SduG06gZaTI4EFNM-vRqyS-67yoa3pg-7Jw