surya kiran
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Unlike Asian Tigers, the developed countries took centuries to develop. Democracy does not promote rapid growth as is obvious by the huge and growing gap between China and India.
As China's share of the world's extreme poor (living below $1.25 per day per person level) has dramatically declined, India's share has significantly increased. India now contributes 33% (up from 22 % in 1981). While the extreme poor in Sub-Saharan Africa represented only 11 percent of the world’s total in 1981, they now account for 34% of the world’s extreme poor, and China comes next contributing 13 percent (down from 43 percent in 1981), according to the World Bank report titled State of the Poor.
Haq's Musings: India's Share of World's Poorest Jumped From 22% to 33% in 30 Years!
Let us also state that over 10 years, more than 100 MN have come out of the BPL. Again, let's not make this an India issue?
Democracies work. Post WW2, economies were in shambles. The democratic countries were up and running much before the non-democratic ones? So, can we make the assumption that democracies are better are bouncing back and less suscpetible than non-democracies?