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December 2010

The Day After Tomorrow: Will We Ever Trust the State?

Otaviano Canuto's picture

This is the fourth in a series of blogs where we take a look at the issues and the countries that will be at the forefront of the development agenda, not now, not next year, but over the next 2 to 5 years—thus, “after tomorrow”.1

There is no evidence that the 2008-09 crisis changed citizens’ trust in the state, in either direction. Well before the crisis, that trust was already in long-term decline among advanced countries, and was stuck at a very low level among developing ones. And, while markets may have lost their shine, governments did not pick up the credit.