The more one argues, the clearer it becomes, so it is quite evident that when a country enters the period of industrialization, centralized management can facilitate a faster transformation, as seen in South Korea, Taiwan, China, and Vietnam.
When industrial development reaches a higher stage, the GDP that industry itself can support is basically at its limit, and the next step needs to be the development of a consumer economy. A consumer economy requires empowering the citizens, which essentially means that everything not prohibited by law is allowed, and at this point, democracy may have advantages.
However, if a country jumps directly into a consumer economy without having developed its industry to a high level, it may fall into the common "middle-income trap," where the entire economy can only linger at a relatively low level.
On another note, in such a "relatively free" society, public security is indeed a challenge, such as issues related to gambling, drugs, and other illicit activities, all of which are difficult to manage.