Should the USA continue its policy of encouraging less developed Essay

Should the USA continue its policy of encouraging less developed countries to adopt democracy and capitalism - Essay Example This is because democracy offers citizens greater political stability, enhanced quality of living, greater individual liberty as well as freedom from any governmental violence. By adopting capitalism, the citizens of less developed countries are able to benefit from the fact that capitalism tends to greatly promote competition and innovation. Capitalism can offer the citizens of less developed countries more choices as well as the very best opportunities that they can be able to use to improve their living standards. These factors are seen to the fostering of greater economic freedom. Another key benefit of promoting capitalism in the less developed countries is that not only does capitalism foster competition, it also benefits these countries as it spurs the companies within them to innovate and develop far better products that will cause for there to be more goods and services in the market a factor that helps in keeping the prices of commodities at low levels. Democratic political systems often tend to enjoy far greater prosperity over longer time periods as compared to other systems. As democracy spreads, more individuals in less developed countries are likely to start enjoying greater economic benefits. While authoritarian regimes are able to compile impressive short-run economic records, they are rarely able to sustain these rates of growth for long time