Divisive politics and economic development

Abstract

In this paper, we analyze the rise of divisive politics, falling democracies, and rising populism all around the globe and the threat it poses to economic development. Precisely, we could estimate and analyze the economic cost and consequences of state-sponsored propaganda. We could also negate and refute the Lee Thesis and its unique claim to economic development with naught democracy and espoused the Sen’s idea of strong democracy for economic development. Furthermore, we could also critically analyze how the ideologically induced policies are influencing the economic activities and acting as a hindrance to inclusive socio-economic development. Finally, through rigorous evidence and statistics, we could successfully conclude that divisive politics is undermining economic development and governments should eschew themselves from disseminating it.

Keywords

• Divisive Politics
• Economic Development
• Democracy
• Populism
• Ideology
• Propagandas
• Lee Thesis
• economic growth

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