Democracy and Economic Factors: Are They Related?

This assignment will focus on the effects of internal socioeconomic conditions on democratization. We will try to establish relationships between certain socioeconomic factors and democratization. Thus, the objective of this assignment is to distinguish some economic policies which are directly related with democratic participation. For example, a number of factors such as public health and human capital are found to be essential for both economic development and democratization. The provision of public goods to improve an economy can be done through policy reforms which can also aid the development of democratic institutions. Our objective in this assignment is to build connections between economic and political practices that are relevant for democratization.

Please watch the videos below. Write an essay between 350-400 words answering the following questions in light of the videos and readings from the course book. You can exceed the minimum word limit if you like:

Question 1: It is well-established that economic policies that improve economic development and growth can also help the development of democratic practices and institutions. Video #1 discusses the relationship among certain socioeconomic factors (or conditions) and democratic reforms on the basis of China and India cases. Find and write 2 socioeconomic indicators that are mentioned in Video #1 that are relevant for democratization (i.e. human capital or others). Then describe how those factors you selected can help the development of democratization.

Question 2: Video #2 describes the decline of economy and democracy in Venezuela. Explain what factor in your opinion led to the backsliding of the economy and democracy in Venezuela. Why democracy failed in Venezuela.

Video #1:

Video #2:

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