Out of anarchy

Article Abstract:

Mancur Olson has studied economic development through history, and notes that tyranny may be preferable to attacks from warrior-thieves. Tyrants have more of a long-term and wider interest in territories that they govern. Democracies use the same principles, but rule is in the interests of the majority who pay taxes. Poorer countries tend to lack property and contract rights, and this is linked to lack of democracy. Lack of such rights mean that markets cannot develop and help promote growth.

Social aspects, Economic development

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The future of the state

Article Abstract:

Political leaders agree that the state is losing its authority in the age of the global economy. Optimists believe that globalization is creating numerous benefits that overshadow the costs to governments. Pessimists argue that there must be a balance between economic efficiency and an effective state.

Analysis, Political aspects, International economic relations, Industrial policy

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Competitive order

Article Abstract:

Not all Asian leaders see democracy and other liberal western views as a good idea. Lee Kuan Yew, former prime minister of Singapore, notes that new ideas in education in the west have led to poorly educated students. He and other Asians cite the need to concentrate on economic competitiveness.

Singapore, Asia, Speeches, lectures and essays, Lee Kuan Yew

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