1. Democracy And Development
... overemphasized. Further, centralized governments can be decisive in their actions. Rollbacks, on the other hand, are a constant headache for genuine democracies, and Indians are only too aware of it. The absence of haggling in decision making is also necessary for effective centrally planned resource allocation - an instrument that democratic nations often resort to. Countries like China ... The first batch of developed nations - in Europe and North America - have all along laid a lot of importance to democratic ideals. In fact, industrialization, which triggered economic prosperity in ...
- Word Count: 660
- Approx Pages: 3
- Grade Level: Undergraduate