Summary of Does Democracy Stifle Economic Growth?
Why has authoritarian China outperformed democratic India? Contrary to popular belief, political structure is irrelevant.
Political scientist Yasheng Huang states his case for the role of democracy in economic growth. He explores the performance of both China and India in recent decades and refutes the notion that China’s one-party political structure is responsible for its success. Filled with engaging comparisons, Huang’s lecture offers an accessible, provocative alternative to the usual commentary on China’s miraculous growth. getAbstract recommends Huang’s arguments to scholars of economic history and to economy watchers who seek patterns in nations’ development.
In this summary, you will learn
- Why China has outperformed India in terms of economic growth since the 1970s
- Why comparing China’s success with India’s is futile
- How India is gaining momentum
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