Jagdish Bhagwati is Arthur Lehman Professor of Economics and professor of political science at Columbia University. He is also a visiting scholar at the American Enterprise Institute in Washington, D.C.
Most highly developed societies are also stable democracies. Capitalism and democracy reinforce one another and promote a desire for universal recognition.
The hegemonic-party systems of Taiwan and Mexico began to loosen in the 1980s, eventually yielding to democracy. Malaysia’s ruling party, by contrast, has tightened the reins of power in the face of…
