How political system can influence on the growth? The most common arguments are:

property rights, pressures for immediate consumption and autonomy of dictatorship. While there is

an agreement that respecting property rights helps the economy, it is controversial which system is

more efficient, concerning this problem. Pressures for immediate consumption are considered to be

the main reason while democracy may hinders the growth. In opposite, there is a third argument –

autonomy of dictatorship. Dictators do not have to handle with pressures made by different interest

groups, however there is no reason why dictator would like to maximize total output, not his own.

In the further part of this essay, these problems are discussed more deeply.

There is not under discussion among the economists that property rights are one of the most

important factors which influence on the growth. However, there is no clear prove that democracy

project them. The strong state can protect property from private intruding but at the very same time

it is a potential threat itself. If we consider countries like the USA or the United Kingdom – the

most developed democracies in the world, of course we may conclude that their elected democratic

governments, no matter if from left or right party, are not a danger for property rights. However, in

such countries the respect for property rights is obvious and it has almost no influence on the

growth anymore. The different situation is in developing countries, for examples in Africa. In these

“fresh” democracies, indeed, reforms considering property rights may stimiulate growth.

Unfortunately we have a lot of examples when countries despite turning into democracy did not do

sufficient effort in reforming law, which would make private property more safe. Taking all these

into