Danny Quah is Li Ka Shing Professor of Economics at the Lee Kuan Yew School of Public Policy at the National University of Singapore. He is the author of The Global Economy's Shifting Centre of Gravity.
M.G. Quibria, a former senior adviser at the Asian Development Bank Institute, is Professor of International Development at Morgan State University and Distinguished Fellow at the Policy Research Institute, Bangladesh.
Sovereignty entails obligations as well as rights, and where compliance cannot be induced, pressure must be applied. And though positive incentives to encourage and enable compliance would be preferable, Brazil's government is showing that there must be sticks where carrots are not enough.
Although populism in Western democracies is nothing new, resentment toward elites and experts has certainly been on the rise. Does this trend reflect a breakdown in the system, or a system that is actually working too well?