By Peter Thal Larsen
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.
Is Myanmar’s reform effort going into reverse?
Not even close. Yet if international support for its political transition seriously weakens in the face of recent setbacks, the prophecies of Myanmar’s critics may be fulfilled. The international community needs to show staying power and accept that the road to reform is long.
The United States has a low voter turnout by comparison to other Western democracies, and our turnout in midterm elections is especially abysmal, attracting roughly 40 percent of eligible voters to the polls.
America -- proudly dubbed the “indispensable nation” by its national-security managers -- is now the entangled nation enmeshed in conflicts across the globe.
(Corrects to say EI Sturdza is UK investment firm, not Swiss)
Commerzbank analyst Simon Quijano-Evans recently analysed credit ratings for emerging market countries and concluded that there is a strong tendency to "under-rate" emerging economies - that is they are generally rated lower than developed market "equals" that have similar profiles of debt, investment or reform. The reason, according to Quijano-Evans, is that ratings assessments tend to be "blurred by political risk which is difficult to quantify and is usually higher in the developing world compared with richer peers.
In 1997, Britain returned Hong Kong to China after some 150 years of colonial rule. In exchange, China agreed to a set of principles: Hong Kong would maintain its capitalist system for half a century, by which point its chief executive and members of the legislature would be elected by universal suffrage. As the thinking went, “one country, two systems” would suffice in the interim; Hong Kong and the Mainland would surely converge on democracy in the half-century to come.
A few weeks after Winston Churchill became British prime minister in 1940, he had to tell the House of Commons that Britain had just suffered one of the worst military defeats in its history. He announced the setback with these words:
Democracy is taking a bashing. On almost every continent, attempts to extend the right of people to choose their own government is running into deep trouble. In Iraq, Egypt, Ukraine, Russia, Afghanistan, Pakistan and many other countries, democracy is being overwhelmed by despotism and despair.
--Dr Marie Julie Chenard is Deputy Head of the Cold War Studies Programme at LSE IDEAS and Academic Officer for the Dahrendorf Symposium Project at the London School of Economics and Political Science. The opinions expressed are her own.--
Eyewitness View: From hope to horror in Tiananmen Square On Changan Avenue, a small crowd confronts the People's Liberation Army (PLA) in Tiananmen Square after the army stormed the square and the surrounding area the night before. This is near the location a day later where "Tank Man" confronted and momentarily halted a column of the army's tanks leaving the square. (Alan Chin)June 4, 1989. In Chinese the reference is usually made with just the numbers “Six Four,” like in English, “9/11.” As the 25th anniversary of the Tiananmen ...