Is democracy essential for development?

The Sun, 19 Jan 2009, Tan Siok Choo

ONE of the more intriguing issues for policymakers is the thesis that democracies consistently outperform non-democracies. Proponents of this view include Joseph Siegle, Michael Weinstein and Morton Halperin, authors of The Democracy Advantage: How Democracies Promote Prosperity and Peace.

Released recently, the 2009 Index of Economic Freedom (IEF) published by the US-based Heritage Foundation and Dow Jones offers some fascinating insights.

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