There is a pressing need and strong case for well-designed, appropriately timed, and carefully implemented structural reforms. This is especially true in emerging market and developing economies, where deregulation has stalled in recent years.
ECONOMIC reforms are often painful in the short term and hence unpopular, but does that mean reform-minded leaders always pay a price at the ballot box?
Not necessarily, we learned in our analysis of structural reforms and election outcomes in 66 countries.
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