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.
Global trends toward economic and political liberalization are presenting East Asian and Latin American democracies with increasingly convergent international opportunities and constraints.
Embedding a vibrant market economy into strong democratic political institutions is the best way to ensure that political and economic empowerment play complementary roles improving the lives of citizens around…