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Asia’s Strongmen and Their Weak Economies

23 Oct

NEW DELHI – US President Donald Trump grabs the most headlines, but the cult of the strongman leader is most developed in Asia. The continent abounds with rulers – including Indian Prime Minister Narendra Modi, Philippine President Rodrigo Duterte, Turkish President Recep Tayyip Erdoğan, and the strongest of them all, Chinese President Xi Jinping – who make a virtue of centralizing power.

Obviously, leadership styles vary. But all of Asia’s strongmen share a key characteristic: they secure public support by preying on economic ignorance. In particular, they trade on the popular belief that leaders who concentrate political power are freer to guide economic growth. For the most part, people accept this claim, expecting that financial gain and “development” will be their reward.

https://www.project-syndicate.org/commentary/asia-autocratic-rulers-economic-mismanagement-by-jayati-ghosh-2018-10

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Posted by on October 23, 2018 in Asia

 

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