The story of how the Angolan government was induced to begin creating checks and balances, from a starting point of massive corruption, is a case study in building institutions from scratch. A dysfunctional state has been driven by a combination of domestic and external pressure to take some initial steps toward accountability.
About the Author
John McMillan is the Jonathan B. Lovelace Professor of Economics in the Graduate School of Business at Stanford University. He is author of Reinventing the Bazaar: A Natural History of Markets (2003), has written extensively on economic reform, and is currently studying the subversion of democracy in 1990s Peru.
The 1997 financial crisis undermined the argument for a putative “Asian-style democracy” that prioritized economic development over political liberalization. Yet recent electoral and other reforms have set the stage for…
