Populism – the idea that a particular social group speaks for the nation as a whole, and should be first in the line for social benefits – threatens the core values of the post-World War order. It also challenges the World Bank’s own approach to development policy. As the world prepares for the 50th anniversary of the signing of the Universal Declaration of Human Rights with a year-long commemoration, culminating on December 10, 2018, we at the World Bank can use the occasion to reflect on our commitments and uphold them courageously.
“What good is the law if laws are ignored or never enforced?” a young civil society activist asked us as part of a group discussion recently. We began to explain that the law should provide a framework through which power can be constrained and policies implemented- but the conversation had already moved on to a loud and frustrated debate about the myriad ways that lawmakers abuse their positions, steal public money and undermine governance through the law itself.
Pranab Bardhan, Professor of Economics at the University of California, Berkeley presented at the World Bank last week on his new book, ‘Awakening Giants, Feet of Clay: A China-India Comparative Economic Assessment.’
Examining the Indian and Chinese economies, Bardhan set about debunking commonly held views on the economic drivers in the two countries and also their relationship with the rest of the World. He offered unconventional insights, but also a cautionary note on future prospects.