The Democracy Advantage: How Democracies Promote Prosperity and Peace

307 Pages·2004·1.69 MB·English

by  Morton H Halperin

THE
DEMOCRACY
ADVANTAGE

THE
DEMOCRACY
ADVANTAGE
H O W D E M O C R A C I E S P R O M O T E
P R O S P E R I T Y A N D P E A C E
MORTON H. HALPERIN
JOSEPH T. SIEGLE
MICHAEL M. WEINSTEIN
A COUNCIL ON FOREIGN RELATIONS BOOK
Routledge
New York • London
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Published in 2005 by
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Copyright © 2005 by The Council on Foreign Relations
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Library ofCongress Cataloging-in-Publication Data
Halperin,Morton H.
The democracy advantage :how democracies promote prosperity and peace/by Morton H.
Halperin,Joseph T.Siegle,and Michael M.Weinstein.
p.cm.
Includes bibliographical references and index.
ISBN 0-415-95052-X (hb :alk.paper)
1. Democracy. 2. Economic development—Political aspects. I. Siegle, Joseph T., 1961- II.
Weinstein, Michael M. III. Title.
JC423.H3734 2004
321.8—dc22
2004009571
ISBN 0-203-00525-2 Master e-book ISBN
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in memory ofCarol Pitchersky
v

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Table of Contents
Acknowledgments ix
Foreword xi
Prologue xiii
1. Exposing a 50-Year-Old Myth 1
2. Setting the Record Right 25
3. Sustaining New Democracies 65
4. Democracy and Security 93
5. Making Development Safe for Democracy 135
6. Democracy as the Default Option 175
7. Bringing Democracy to the Center ofDeveloment 203
8. The Great Race 231
Appendices 241
Endnotes 251
Bibliography 271
Index 283
About the Authors 289
vii

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Acknowledgments
From the initial discussions that were the genesis ofthis book through the
research,critical feedback,and physical production that have gone into its
publication, we have benefited enormously from the intellect, expertise,
encouragement,and hard work ofnumerous individuals whose help made
this book possible and to whom we are deeply grateful.
Les Gelb and Larry Korb were early and unwavering enthusiasts for this
project and the imperative ofbetter understanding the complex interrela-
tionships between democracy and development so as to guide policy dur-
ing this exceptional era ofpolitical and economic transition.We also thank
the Council on Foreign Relations for its comprehensive support to this
project throughout its lifetime.It has served as a superb institutional home
to this effort.We owe a debt ofgratitude to Hank Greenberg,in particular,
for his vision to spur the Council to devote more attention to the intersec-
tion between politics and economics.
The project benefited intellectually from some of the world’s sharpest
minds on the political and economic challenges to development. These
contributions came in various forms.We would first like to acknowledge
attendees to the White Oak workshop, which served as a kick-off to the
project in its most unformulated stage: Nancy Birdsall, Larry Diamond,
David Dollar,Stephen Heintz,Robert Herman,Terry Karl,Allan Meltzer,
Joshua Muravchik, Joan Nelson, Minxin Pei, Theodore Piccone, Joseph
Stiglitz,Nicolas van de Walle,Mark Weisbrot,Jennifer Windsor,and David
Yang.We also profited from several subsequent study group sessions that
aided in the evolution of our thinking. Additional participants to these
meetings included: Jonathan Berman, Gail Buyske, Carolyn Campbell,
John Cavanagh, Natasha Despotovich, Nadia Diuk, Eleanor Fox, Carol
Graham, Wendy Luers, Barry Metzger, Sakiko Fukuda-Parr, Kilaparti
ix