Is democracy necessary to bring development Discuss with examples Essay

Is democracy necessary to bring development Discuss with examples - Essay Example The meaning of development has evolved over time and so have the development paradigms and approaches. Development has been defined much more broadly to include the question of the quality of life of people. Seers had argued that in evaluating a country’s progress towards development, we should ask what has been happening to poverty, inequality and the general quality of life of the people. Development is also about the respect for human rights and the creation of equitable and inclusive systems of governance (Lipset, Seong and Torres, 1993 pp.156). Most people believe that democracy is a valuable component in enhancing the process of development. However, there has been a negative relationship between democracies in improving development, but it is not clear whether it can hinder any economic growth. Democracy can be viewed in three aspects, one relates to issues relating to civil, and political rights which citizens of a country enjoy, secondly it may relate to issues of dai ly accountability and administration. Thirdly, it relates to periodic exercises during election of representatives. The strengths of the three aspects vary in different countries or states. Development can be viewed as improvement of economic growth within a country resulting to improved sectors like education, infrastructure and agriculture. Different empirical studies have shown positive and negative views on democracy as necessary components to development (Horowitz, 1990 pp.75). Emergence of democracy and development The fact that developed and richest countries like UK, US and Netherlands are democratic forced the debate and expectations that democracy and development will entirely co exist in the same space, and there is a causal link of relationship between them. A number of Sub-Saharan African countries did embrace multi-party rule (democracies) in the years 1990s after a decade of single party rule and dictatorship. This led to a renewed optimism and increased poverty level s, corruption, coups and conflicts, the governance system was unable to provide any development, peace, security or even fight for human rights. However, after two decades of such type of governance countries have recorded progress by creation of democratic institutional infrastructures and there is improved security, peace and consideration of human rights leading to economic growth. Nevertheless, despite the improved democratic process and systems a number of analysts and parties have argued that there is some link between democracy and development because these countries still have high poverty levels and are less developed Sub- Saharan Africa has the highest incident of poverty than the rest of the world (Lipset, Seong and Torres, 1993 pp.156). Democracy and Development It is not clear whether this matter will ever be resolved or how soon this will be particularly because evidence is mixed and almost contradictory. It may not be easy to prove causality in this case but a relatio nship between the two does exist. It is obvious that development cannot take place under conditions of instability, war, or even major conflict. It is also a fact that democracy is the only system known today which can generate conditions of peace and security and sustain them. Democratic regimes are more likely to come up with policies that are reflective of the will of the people. These policies provide the environment and context for development to

Financial Analysis Assignment Example | Topics and Well Written Essays - 1750 words

Financial Analysis - Assignment Example Even though there are other rivals offering similar products in the global market, Cartier’s performance has continued to grow tremendously for a long period. Alfred, Cartier’s took over the management of the business in 1874. In 1904 the company started designing and producing watches for different companies. Cartier entered into an agreement 1907 with Edmond Jaeger as supplier of the company’s watches. By 1912 the company introduced two new brands of watches Baignoire and Tortue followed by Tank model introduced in 1917. Cartier ownership changed in 1972 when a group of investors bought the Paris business from the initial owners. Also, the same group bought Cartier London in 1972 and Cartier New York in 1976 (Coleno 69). The company engaged in mergers and changed its management with an aim of strengthening its operations. Also, the company has been involved in different exhibitions held in different parts of the world with an aim of increasing its market across the globe. Cartier has several branches in different parts of the world and deals with different brands of jewelry and watches that are marketed and distributed across the globe. Carter has over two hundred branches located in more than 125 countries across the globe and over ten thousand employees. The company has shops in Middle East, America, Japan, Asia and Europe. The company deals with different products such as watches, leather goods and accessories. The carter products are marketed to affluent individuals who have great concern for personal status in the society (Coleno 87). Some of their products are designed to bring together individual’s celebrity, drive and lifestyle in order to establish a distinguishable market section. The gross margin is impressive and depicts an increase from the year 2009 across 2011. This implies that the business profitability is increasing as a result increasing sales.