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In Democracy and Development: Political Institutions and Well-Being in the World, 1950–1990 (2000), [39] Adam Przeworski argued that "democracies perform as well economically as do authoritarian regimes." [40] A study by Daron Acemoglu, Suresh Naidu, Pascual Restrepo, and James A. Robinson shows that "democracy has a positive effect on GDP ...
Modernity and high modernity are concerned with human progress and the potential of human intervention to bring about positive change in the structure of society; however, high modernity's visions of societal change rely on the expertise of intellectuals and scientific innovation, making high modernity a more elitist project than its predecessor.
Endogenous growth theory holds that investment in human capital, innovation, and knowledge are significant contributors to economic growth. The theory also focuses on positive externalities and spillover effects of a knowledge-based economy which will lead to economic development. The endogenous growth theory primarily holds that the long run ...
Modernisation refers to a model of a progressive transition from a "pre-modern" or "traditional" to a "modern" society. [1]The theory particularly focuses on the internal factors of a country while assuming that, with assistance, traditional or pre-modern countries can be brought to development in the same manner which more developed countries have.
Although these previous examples only show a few of the positive aspects of technology in society, there are negative side effects as well. [6] Within this virtual realm, social media platforms such as Instagram, Facebook, and Snapchat have altered the way Generation Y culture is understanding the world and thus how they view themselves. In ...
Even in the case of overurbanization, some of the positive effects of urbanization could be present in regards to economic growth, such as the development of more efficient economics due to scale, technological developments, diversity of both products and occupations, as well as "the greater opportunity of occupational and social mobility and ...
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The reforms were intended to stimulate manufacturing and technology to modernise Spain. In Spanish America, the reforms were designed to make the administration more efficient and to promote its economic, commercial and fiscal development. When looking at the material effects of how the Bourbon Reforms aimed to change the relationship between ...