The Value of Economic Growth in a Democracy

Abstract

The recent longstanding Global Crisis which seems to have no end has created a divisive debate on the utility of Academic research and in particular on the business of studying Economics and proffering solutions for alleviating world problems. The study , kickstarts an exercise in Critical thinking to analyse some known facets of the study of Democracy and align with conceptions of Economic growth and review in the current literature whether academic research has indeed attempted to and found the right questions and if we are near a solution for the real world with its political, economic and geographical constraints. This is a foundation study to enable other researchers to form more relevant and current analyses with a foundation in economic literature.

Keywords: Economic Growth, Democracy, India, Asia, Institutions

JEL Classification: A1. O1, O11, O43, H1, G1, L1