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Burundi and Rwanda are two nearly identical countries that have taken diametrically opposed paths under different leaders. Their experience provides insight into the dilemmas of institution-building in Africa.
Prince Michael of Liechtenstein
Recent political developments in Hungary and Poland have been interpreted as portending a reversal of westernization. If history is any guide, this perception is wrong. It is true that the region appears headed for institutional turbulence that could foster growing political and economic volatility. But a more serious upheaval is virtually precluded by the region’s...
More than 10 years of spectacular economic growth have come to an end in Peru with the conclusion of an era of extraordinarily high commodity prices. This sharp downturn coincides with general elections for the presidency and the legislature. Investors and Peruvians in general are assessing what has been achieved, weighing the challenges that the country is facing ...