Democracy, Market Economics and Development: An Asian Perspective

by World Bank

Farrukh Iqbal, Jong-Il You, Iqbal Farrukh (Editor), and You Jong-Il (Editor)

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Reviewing the links between styles of political governance, economic strategies and development, this selection of papers by contributors including Amartya Sen, Joseph Stiglitz and Francis Fukuyama evaluates the extent to which democracy is necessary to the achievement of sustainable development in Asia. The book argues that democracy and markets are complementary and that democracy is intrinsic to development and it contends that liberal and participatory democracy encourages development by providing legitimacy to reform efforts. Movement toward liberal and participatory democracy allows for the convergence of the political and economic institutions of Asia and the West. There is broad agreement that effective and sustainable development is multi-faceted and is not only based on changes in per capita income.
  • ISBN10 0821348620
  • ISBN13 9780821348628
  • Publish Date 1 May 2001
  • Publish Status Active
  • Out of Print 6 June 2017
  • Publish Country US
  • Imprint World Bank Publications
  • Format Paperback
  • Pages 200
  • Language English