What are the links between economic development and political?

Question

What are the links between economic development and political?

Answer 1

The political system must protect property rights so that people can trade and invest safely.  If you don't have this, economic development is impossible.

Answer 2

the strongest link is that when the government improves so does the economy a Strong government equal a solid economy

Answer 3

Despite what anyone will tell you. It's not a sure thing. There are many many theories on economics and how politics and other factors influence them. But as the saying goes every economist has his own theories! It's just a model for a very complicated system (consider that we can only "predict" the weather a few days in advance..)

So when you add in wars, natural disasters, political movements, new businesses (eg internet, google) and so forth. It's impossible to truly gauge long term economic views without infringement of outside factors.

Even so, governments play a role by providing resources, financial and legal to favor development or to impair it. Simple laws like copyrights and trademarks to patent laws were crucial first steps in the US positioning itself for a technological society, more than any seen before.

Likewise government research grants provide for many non-profit research centers to develop ideas that have no practical immediate purpose, yet have time and again proved invaluable to commercial interests at large.

Even the internet, which started as a simple shared network, started out as a meek government project. Now it is the backbone of much of the world's commercial energies.

Answer 4

Economic development leads to increase employment and an increase in living standards and this thus leads to a low level of grievances as the government in power is considered to be the best.Also economically developed countries are the most politically stable ones take America for example

Answer 5

Political leaders should influence economic development whenever and wherever possible.  Industrial and technical wealth enable observation of models and trends.  Political leadership in a representative government must be proactive in the best interest of voters.

Investing and reinvesting national wealth into education, infrastructure, and growth guarantees a productive future.  Examine the industrial and technical investments of the FDR, Truman, Eisenhower, and Kennedy administrations.  Gross national product soared to astronomical levels during these years.