Publication

This paper explores why democracy is essential to peace, stability and economic growth in developing countries. It discusses the Cold War-era assumption that authoritarian and autocratic regimes can be more effective systems of governance. The author challenges the idea that authoritarianism leads to effective economic growth and that democracies are destabilizing. He contends that democracies encourage steady, broad policies which are required for social and economic development. The paper highlights policy implications, arguing for increased aid to countries with self-selected, open and responsive regimes.