ES / EN
- May 9, 2025 -
No Result
View All Result
OnCubaNews
  • World
  • Cuba
  • Cuba-USA
  • Opinion
    • Columns
    • Infographic
  • Culture
    • Billboard
  • Sports
  • Styles / Trends
  • Media
  • Special
  • Cuban Flavors
  • World
  • Cuba
  • Cuba-USA
  • Opinion
    • Columns
    • Infographic
  • Culture
    • Billboard
  • Sports
  • Styles / Trends
  • Media
  • Special
  • Cuban Flavors
OnCubaNews
ES / EN
Home Opinion Columns See you there

Nobel Prize in Economics 2024: democracy and development

Democracy and the climate of freedom that accompanies it, including economic freedoms, create an environment conducive to business.

by
  • Jorge Gómez Barata
    Jorge Gómez Barata
October 18, 2024
in See you there
0
Photo: Canva.

Photo: Canva.

I identify with the Nobel Foundation of Sweden, which has awarded Daron Acemoglu, of Turkish origin, and the British Simon Johnson and James A. Robinson, the Nobel Prize in Economics for their contributions to the study of the inequality of nations. Acemoglu and his colleagues work and do research at the Massachusetts Institute of Technology, while Robinson does so at the University of Chicago.

This fact is transcendental given that today it is accepted as an established science that inequality between people, classes, social strata, and countries is the most important of the issues associated with the problems of development, or more exactly, underdevelopment. 

Robinson, professor of Global Conflict Studies and director of the Pearson Institute for the Study and Resolution of Global Conflicts at the University of Chicago, with experience in Latin America and sub-Saharan Africa and whose conclusions about the relationships between political power, institutions, and prosperity I share, because they scientifically support something that, empirically, my older brother confirmed years ago.

Without higher social studies, based on pure observations, he realized that all developed nations are democracies and that democracies progress faster than those countries that are not. “In Latin America,” he said, “there is no developed nation because there is no democracy.”

In fact, although I recognize the exceptions, as part of a universal civilizing trend, there is an evident correlation between development and democracy. Hence, the efforts for the general progress of third-world nations must be accompanied by the expansion and deepening of democracy. 

Democracy and the climate of freedom accompanying it, including economic freedoms, create an environment conducive to business, security for investment, trade, and the willingness to do research and innovation, stimulating consumption, which are essential for general progress.

Related Posts

Photo: Canva.

Donald Trump. Another United States

January 18, 2025
Illustration: Generated with AI/Canva.

What do those who do not believe in democracy believe in?

January 15, 2025
Photo: EFE.

Cuba in the BRICS, opportunities and challenges

January 7, 2025

On the other hand, authoritarianism, bureaucracy, corruption, and state interference, excessive regulations, and the discretion with which rulers and officials tend to act, produce the opposite effect, scaring away investors and contributing to the weakness of institutions and civil society.

Observations in this regard must take into account that, although the existence of democracy presents common features, such as the existence of state and social institutions, expressions of popular sovereignty, eligibility of rulers, certain degrees of pluralism, existence of mechanisms of social control of power, validity of the rule of law and separation of powers, the configuration of the democratic system may be unevenly developed and vary from one country to another. 

I once read the observation that: “There are countries that are democratic every day, except on the day of elections and vice versa, because they are only democratic on that day.”

No country in Europe has the natural resources of Brazil, Colombia, Venezuela, or Mexico. Still, none of them exhibits the solidity, quality, and stability of European state and social institutions. Despite such negative and devastating experiences as the two world wars, the rise of negative political currents such as fascism, in the Old Continent, without being perfect, state and social institutions and democracy have prevailed and are not questioned anywhere.

Liberal political, economic, and cultural thought that gained momentum in the 18th, 19th, and 20th centuries was reinforced by Karl Marx’s thesis that at certain stages of development, stagnation in production relations becomes a brake on the development of productive forces and an obstacle to general progress. According to these conclusions, the clash between these two factors (productive forces and production relations) opened an era of social revolution.

These perspectives, together with advanced philosophical and political notions, fostered European experiences that, although extremely controversial, such as the Bolshevik Revolution and the establishment of socialism in the Soviet Union, reinforce the view that general progress, including economic development, is linked to democracy and political performance.

The climate of oppression under the Tsarist regime, the support of the ruthless and predatory Russian Empire, is not comparable to the atmosphere of freedom, creativity and social inclusion unleashed by socialism in the USSR, whose peoples, led by the Bolsheviks, in brief historical periods surpassed the feudal horizon, unleashed productive forces, created and distributed with justice and equity the immense wealth they had created themselves.

Collective heroism and the passionate defense of their homeland and their way of life led to the victory of the peoples of the Soviet Union, allied with other Western countries, over fascism.

On the other hand, it should serve to learn from mistakes, precisely the deficits of democracy, rights and political and civil liberties that caused stagnation and popular disappointment that, after seventy years of heroic efforts, ruined that experience and caused the collapse of the Soviet Union.

Parallel to this, the same experience has been repeated in the People’s Republic of China, where dogmatism and authoritarianism became a brake on economic development and general progress. The reforms promoted there from 1978 onwards, as an expression of the democratization of the socialist system, led to openings and growth in well-being and explains China’s extraordinary progress.

The award-winning researchers do not minimize the role of colonialism and neocolonialism in the shameful existence of inequalities, but neither do they absolve the local oligarchies that, for their own benefit, took over the republics as spoils and, instead of resolving them, deepened the structural deformations associated with colonialism, dependency, and inequalities and are responsible for the weakness of the institutions that should sustain democracy.

I promise to delve deeper into the relevance and repercussions of the recently awarded Nobel Prizes in Economics for democracy, social struggles, and the general progress of the countries of Latin America. I once heard Ricardo Alarcón, a prominent Cuban politician and thinker, say: “Everything begins and ends with democracy.” This is what the Nobel Prize winners believe. See you there.

________________________________________

*This text was originally published in the newspaper ¡Por esto! It is reproduced with the express permission of its author.

  • Jorge Gómez Barata
    Jorge Gómez Barata
Tags: democracyeconomyfeaturedNobel Prizeprizes
Previous Post

A photo, four singer-songwriters and a domino table

Next Post

Imports and our mentality

Jorge Gómez Barata

Jorge Gómez Barata

Next Post
Cars on the Avenida del Malecón Habanero. Import in Cuba

Imports and our mentality

Cuban domino game. Domino Park

Domino Park, a bridge

Barbara Lee. Photo taken from her Facebook account.

Congresswoman Barbara Lee to the White House: “Now is the time to help the Cuban people”.

Leave a Reply Cancel reply

The conversation here is moderated according to OnCuba News discussion guidelines. Please read the Comment Policy before joining the discussion.

Your email address will not be published. Required fields are marked *

Most Read

  • Archbishop of Havana proclaimed cardinal by Pope Francis in 2019. Photo: CNS/Paul Haring.

    Cuban Cardinal before the conclave: “There is a desire to maintain the legacy of Pope Francis”

    32 shares
    Share 13 Tweet 8
  • The Enchanted Shrimp of the Cuban Dance

    2927 shares
    Share 1171 Tweet 732
  • Tourism in Cuba: a driving force in decline

    25 shares
    Share 10 Tweet 6
  • Deported and without her baby daughter: Heidy Sánchez’s desperation

    8 shares
    Share 3 Tweet 2
  • Poverty in Cuba: Ministry of Labor establishes new regulations to care for “vulnerable groups”

    11 shares
    Share 4 Tweet 3

Most Commented

  • Photovoltaic solar park in Cuba. Photo: Taken from the Facebook profile of the Electricity Conglomerate (UNE).

    Solar parks vs. blackouts: between illusions and reality (I)

    15 shares
    Share 6 Tweet 4
  • Fernando Pérez, a traveler

    11 shares
    Share 4 Tweet 3
  • Solar parks vs. blackouts: between illusions and reality (II and end)

    13 shares
    Share 5 Tweet 3
  • The “Pan de La Habana” has arrived

    31 shares
    Share 12 Tweet 8
  • China positions itself as Cuba’s main medical supplier after signing new contracts

    26 shares
    Share 10 Tweet 7
  • About us
  • Work with OnCuba
  • Terms of use
  • Privacy Policy
  • Moderation policy for comments
  • Contact us
  • Advertisement offers

OnCuba and the OnCuba logo are registered® trademarks of Fuego Enterprises, Inc., its subsidiaries or divisions.
OnCuba © by Fuego Enterprises, Inc. All Rights Reserved.

No Result
View All Result
  • World
  • Cuba
  • Cuba-USA
  • Opinion
    • Columns
    • Infographic
  • Culture
    • Billboard
  • Sports
  • Styles / Trends
  • Media
  • Special
  • Cuban Flavors

OnCuba and the OnCuba logo are registered® trademarks of Fuego Enterprises, Inc., its subsidiaries or divisions.
OnCuba © by Fuego Enterprises, Inc. All Rights Reserved.

Manage Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
View preferences
{title} {title} {title}