Research report
October 9, 2000
In this essay, Senior Fellow Eugene Steuerle argues that it is in developing--or failing to develop--tax, accounting, and legal institutions that a significant part of the economic and democratic fate of Russia, China, and much of the rest of the second and third world rests. The corollary is that a well-developed democracy tempts its own fate when it takes those institutions totally for granted and fails occasionally to renew and revitalize them.