VOTE -FINDING FEET- VEIN : MASTER GLOBAL ESSAY

 

! The Honour of a Vote ! : Headed and Overseen by an ''international committee'' of 11 members with complete, comprehensive and final powers. For example :

 '' FINDING !WOW!'S FEET '' : The New York Times, Journalist Karan Thapar [ India ], Dr. M Jawad Khan [US], Rabia Sultan [Founder !WOW!], Haleema Zia [Founder !WOW!], Mr. Javed Jabbar [Pak],  H.E. Jacinda Ardern [NZ], Mr. Bill Gates [US]. H.E. Sheikh Hasina Wajid [Bangladesh], Lawyer Zainab Khan, Kings College, Europe.

! The Honour Weightage of Vote ! : Grandparents 1/4, Parents 1/2, Students in equivalence to O levels 1/2 vote, Students in A Levels and equivalence and beyond : ONE vote. Teachers / Professors ONE VOTE.

DEMOCRACY is often heralded as a solution to poverty. Yet becoming a democracy is darned well impossible.

A TYPICAL ECONOMIST does not have all that much in common with a typical protester in a failing dictatorship. Dismal scientists favour cautious lessons, carefully crafted and suitably caveated, backed by decades of data and rigorous modelling.

Protesters need electrifying arguments and gargantuan promises about just how good life will be as soon as theirs aims are achieved, since that is how you recruit people to a cause.

But the two groups share at least one trait. They both tend to be ardent democrats.

DEMOCRATIC INSTITUTIONS are good for economic growth. That is one of the few things on which, after decades of probing the link between politics and prosperity, economists agree. 

Dictators may be able to control the state, its resources and much of society. But countries that have long-established elections and associated institutions also tend to have trustworthy governments, competent finance ministers and reliable legal systems.

In a paper published in 2019, Daron Acemoglu of the Massachusetts Institute of Technology and co-authors split countries into dictatorships and democracies, 

They found that 25 years after making a permanent switch from the former camp to the latter, a country's. GDP was one-fifth higher than it would otherwise have been.

The problem is that making the switch takes longer and is more expensive than often assumed.

Look beyond Mr. Acemoglu's black-and-white division. Allow some countries to be more democratic than others - after all, it makes little sense to put a centuries old democracy in the category as one finding its feet and a different picture emerges.

IN A STUDY published last year, Nauro Campos of University College London and co-authors found that regime faces problems while trying to get rid of autocratic tendencies.

On average, countries lose 20% of GDP per person in the 25 years after escaping dictatorship relative to their previous growth path, in part because many struggle with the transition to democracy.

TODAY there are more such inbetween regimes than ever [ 87 according to the Economic Intelligence Unit.]

Reliable institutions are a prerequisite for development, but democratic ones take a long time to build. Countries do not finish one day under a military dictator and start the next with a fully formed supreme court.

Civil services that know when to leave the private sector be, legal systems that protect property rights, and thriving charities and universities take decades to develop.

Investors take even longer to be convinced. Democracies spend more on health, and education, which pays off, but only after decades.

More immediately, setting off on a global scale shakes just about everything. All students, all voters,  have to be sensible democrats, and they have to stay fully involved while the democratic processes on The World Students Society stir in fits and starts, occasionally kicking into reverse.

The Honour of the Publishing continues to Part 2.. The World Students Society thanks Free Exchange /  The Economist.