What are the potential advantages of authoritarian nations

Reference no: EM133284231

Question - Read "Institutions in Action: Why Did Asia Industrialize Faster than Latin America" (p.348) in your textbook.

Comparing the speed of industrialization between Asia and Latin America, the textbook claims "A simple explanation-such as a correlation between democracy and speed of economic growth-does not work, since all of these [Asian] states were authoritarian during most of the last 50 years." (348)

What do you think about this argument? What are the potential advantages of authoritarian nations for industrialization? Do you think authoritarian system is required for economic growth?

Reference no: EM133284231

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