ENGLISH

Democracy, Market Economics, and Development: An Asian Perspective

By eds. , Farrukh Iqbal , Jong-Il You

Book information

Publisher
World Bank Publications
Year
2001
ISBN
0821348620, 9780821348628
Open Library ID
OL15339189M
Language
english
Format
PDF
Filesize
1 MB (1212447 bytes)
Pages
202\202
Topic
Economy
Time added
2011-06-04 13:46:07

Description

'Democracy, Market Economics, and Development' evaluates the extent to which democracy is necessary to the achievement of sustainable development in Asia. A selection of papers by distinguished contributors including Amartya Sen, Joseph Stiglitz, and Francis Fukuyama are included in this volume. This book argues that democracy and markets are complementary and that democracy is intrinsic to development. 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.

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