Governing for Prosperity

Why do some nations thrive while others seem trapped in a cycle of poverty, instability and corruption? The 14 contributors to this anthology agree on one answer to this question: the rule of law. While the developed West spends billions of dollars promoting democracy in developing nations, the authors suggest that democracy itself does not bring about prosperity. In terms of economic growth, stability and predictability are more important than democracy, they argue. As evidence, they contrast wealthy authoritarian regimes like Singapore with poor and corrupt democracies like India. Some readers might find the implications of such conclusions alarming. That’s all the more reason to read this book, which getAbstract recommends to anyone with an interest in economic development, public policy and the global political order.