Is Liberal Democracy The Best System?

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Is Liberal Democracy the Best System?

Is Liberal Democracy the Best System?
For years now, democracy has been considered by many countries to be the best form of governance, capable of steering economic growth. It has however always been a topic of debate by experts, especially its relevance and efficiency. Liberal democracy has been argued to be the best solution for nations aiming for economic development. Liberal democracy is defined as a political ideology and a form of government whose operations are derived from the principles of classic economics. It provides the desirable and necessary conditions that have been proved to be effective in steering a country to progress. This essay aims at determining whether liberal democracy is the best political system.
Liberal democracy is characterized by the protection of human and civil rights, political freedoms, and civil liberties (Chan, 2002). Elections are conducted in a free and fair manner, with multiple political parties competing for governance. It is also characterized by the rule of law and …show more content…

The country adopted a liberal democratic system that has since then reduced the level of government interference. Foreign investments and free trade in the country has helped India’s economy to become one of the fastest growing economies in the world today (Patnaik, 2014). The country has managed to reduce poverty levels and it is on the process of improving living standards for the people. This shows that having a stable democracy is a major key to rapid economic growth. Another country that has faced similar conditions as India is Bangladesh. The country was under forced military rule that brought about political instability, which hampered economic growth (Samarasinghe, 1994). However, when the country adopted a democratic government system, the economy started to

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