Development’s Democratic Drivers
There is a wealth of literature describing the various factors – from inclusive institutions to strong and equitable health outcomes – that determine prosperity. The just-released Legatum Prosperity Index for 2013 points to another fundamental condition for success: good governance and the rule of law.
LONDON – “It’s the economy, stupid” has been a political mantra for more than two decades. Nowadays, the phrase is repeated ad nauseam in development discussions. But making countries flourish is not so simple.