Is There a Relationship between Democracy and GDP Essays

Taking each region in turn, I have identified two states or countries from each of the eight regions. The first two that I have identified are from Latin America. Brazil seems to have the highest GDP economic rank at $2.422 trillion; however their per capita is only $12, 100. The state of Brazil is a democracy and I do think that has some effect on their economic rank because the state equally allows its people to make their own decisions based on social, cultural and ethical values. Perhaps Brazil’s per capita is so low because in 2008 Brazil encountered two quarters of recession. Unemployment is at a notable low and Brazil’s conventionally high level of income inequity has declined in the last 14 years. Next is the state of Mexico, which†¦show more content†¦Moldova is one of the poorest countries in Europe. I believe that Moldova’s economic performance is in relation to the fact that they are not a democratic country because, like I stated before, dem ocracy leads to economic growth and since they do not have a democracy, it has lead to poor economic achievement. Ukraine is also under the form of Republic and is not a democracy. However, Ukraine is doing much better in economic rank than Moldova. The GDP for Ukraine is $337.4 billion and the per capita is $7, 400. Perhaps if the people of Moldova and Ukraine were able to vote, instead of representatives voting for them, their economic rank and per capita would rise. As for the Middle East and North Africa, Egypt is doing quite well for not being a democratic state. Egypt is under the form of Republic and is bringing in an economic GDP rank of $551.4 billion and per capita of $6, 600. Perhaps this is because Egypt is split between where most economic action takes place. Therefore, I don’t believe that economic performance has anything to do with the fact that Egypt is not a democracy. Morocco is a constitutional monarchy, but it is not a democracy. Morocco brings in an economic GDP rank of $180 billion and a per capita of $5, 500. I don’t believe that the economic performance coincides with the fact that it is not a democracy. Morocco may want to rethink their options about turning towards a democracy. It could benefit them, economicallyShow MoreRelatedThe Relationship Between Democracy And The Gdp1215 Words   |  5 Pages3000 Park The Relationship between Democracy and the GDP Democracy is often touted as the greatest change that a country can go through in order to achieve better financial success and therefore a more prosperous life for its people, so it is important to know what influence democracy has on a country and it’s economic success. 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