How Do Countries Grow?It's the Polity, Stupid!
The grafted mango is tastier than the original’
Bernard Ouedraogo, 6-S Movement, Burkina Faso1
‘It's the polity, stupid’
The Economist, 29 June 1996
When Singapore's elder statesman Lee Kuan Yew visited newly elected Filipino President Fidel Ramos in 1992, he gave him some fatherly advice: restore law and order, build more infrastructure, and concentrate on economics, not democracy. Curious that, it sounds just like…Singapore. No doubt the advice was sincere, for this was a mixture that had turned his own country into one of the world's most dynamic economies in the space of 40 years, making a laughing stock of the World Bank's prediction of imminent collapse if Singapore dared to separate ...