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Abstract : Democracy refers to the rule of the people. It is a system of representational government wherein people have the right to determine their social, economic and political course. Over the past centuries and decades, as the world has been embracing democracy, as a political ideal, some parts of the globe lag behind. Middle East, with its unique history and geographic importance being one among them; remains the center of discussion. Within the Middle East itself, Lebanon enjoys a very special position; not only for geo-political and economic reasons, but more so for its peculiar demographics. Divided among 18 recognized confessions, Lebanon offers a rich blend of fracture and unity. It is this mix of a small yet diverse society, limping its way towards an inclusive and successful polity that has been put to light in this paper. With its internal nuances and external flavors; Lebanon offers a test for the metal of democracy. The challenges it has and is still facing, and the prospects it enjoys for the future have been delved in this essay.

This paper explains the persistence of a tax system characterised by low revenue collection and extensive informality in Bangladesh. It combines analysis of long-term formal and informal institutions and of micro-level incentives shaping negotiation of short-term reform. The system is unusually informal, discretionary, and corrupt, but remains resistant to change because it delivers low and predictable tax rates to business, extensive opportunities for corruption to the tax administration, and an important vehicle for fundraising by political leaders and rent distribution to their elite supporters. We then explore the dynamics of micro-level reform and external pressure within the constraints of this overarching political bargain.

When are developing countries able to initiate periods of rapid growth and why have so few been able to sustain growth over decades? This book provides a novel conceptual framework built from a political economy of business-government relations and applies it to nine countries across Africa and Asia, drawing actionable policy recommendations