Answer:
We
can not say that democracy is a guarantee of economic development. In most of
the democracies a small number of ultra-rich enjoy a highly disproportionate
share of wealth and income.
For example, countries like South Africa and Brazil, the top 20 % people
take away more than 60 % of the national income.
Unfortunately those, who are at the bottom of the society
have a very little share (less than 3 %) to depend upon. Even in India, the
elected government looks reluctant to take necessary steps for the upliftment
of the large section of poor in our society.
The situation is much worse in some other countries.
In Bangladesh, more than half of its population lives in
poverty. People in several poor countries are now dependent on the rich
countries even for food supplies.
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