Political liberties and economic development

This article looks into the connection between political liberties and economic development. The author reviews the arguments of several studies on the subject and concludes that more political liberties are not necessarily beneficial to economic development since they could jeopardize the rights of...

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Detalles Bibliográficos
Autor principal: Sardón, Jose Luis
Formato: info:eu-repo/semantics/article
Lenguaje:Español
Publicado: Universidad del Pacífico 1996
Acceso en línea:https://revistas.up.edu.pe/index.php/apuntes/article/view/433
http://biblioteca-repositorio.clacso.edu.ar/handle/CLACSO/52764
Descripción
Sumario:This article looks into the connection between political liberties and economic development. The author reviews the arguments of several studies on the subject and concludes that more political liberties are not necessarily beneficial to economic development since they could jeopardize the rights of ownership far more critically than the arbitrariness of governments with the most indifferent of altitudes to the will of the people. Indeed, "excessive" liberties could favor the interests of private lobbies -and unnecessary State intervention in the economy- or, in unjust societies, lead to the application of moderate or extreme redistribution-oriented policy.