Understanding Development and Democracy

The video discusses the relationship between democracy and economic development, highlighting that many wealthy countries are democracies. However, it also notes that some countries, like Chile and South Korea, developed significantly under authoritarian regimes before transitioning to democracy. The video suggests that China could continue to grow economically without major political changes for another decade or more.

What is the speaker's personal view on democracy?

• The speaker dislikes democracy.

• The speaker believes democracy is outdated.

• The speaker is indifferent to democracy.

• The speaker is a big fan of democracy.

Which countries are mentioned as having developed under authoritarian regimes before becoming democracies?

• India and Japan

• Brazil and Argentina

• Chile and South Korea

• Russia and Ukraine

What is the historical evidence regarding China's potential for growth?

• China has already reached its growth potential.

• China's growth is dependent on becoming a democracy.

• China can grow for another decade or longer without significant political change.

• China cannot grow without political change.