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Journals name baner

No. 1(14) (2021)

Artykuły

Democratic and Autocratic Meritocracy and Economic Development

Published: 2021-06-30

Abstract

The belief that democracy automatically promotes economic development while undemocratic systems do not serve it is indiscriminately accepted. In fact, the situation is more complicated as statistical analysis shows that many democracies are characterized by low dynamics of development, while in some countries with authoritarian regimes there is a high rate of economic growth and a significant improvement in the social situation. The decisive influence on economic growth is exerted by meritocracy expressed in competent governments, which operate rationally in economic policy and in the process of development do not confuse the means of policy with its objectives.

Unfortunately, in the last dozen or so years, as a result of the failures of the neoliberal economic model and the crisis of liberal democracy, the number of democracies has decreased and the number of autocratic regimes has increased. New autocracies emerge.

This is especially true of countries that entered the democratization phase after the end of the Cold War. Changes for the better require an evolution towards a social market economy and a new pragmatism.



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