A necessary condition for successful economic development is democracy.

Question

Quizplus · Accepted Answer

While democracy can create a conducive environment for economic development, it is not a necessary condition for success. There are examples of successful economies that have non-democratic governments, such as China and Singapore. Other factors, such as a stable government, strong institutions, and effective economic policies, can also contribute to economic growth.

A Necessary Condition for Successful Economic Development Is Democracy