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Skip to Content Japanese English Chinese About RIETI Site Map Help Contact Discussion Papers Search Site Search Menu Research Areas Research Programs (FY2024-2028) Research Programs (FY2020-2023) Research Programs (FY2016-2019) Research Programs (FY2011-2015) Policy Research Domains (FY2006-2010) Projects Survey Fellows According to Title Alphabetical order RIETI Alumni Research/Policy Papers Discussion Papers (English) Discussion Papers (Japanese) Policy Discussion Papers (English) Policy Discussion Papers (Japanese) Technical Papers (English) Technical Papers (Japanese) Non Technical Summaries List of Articles in Journals Research Digest Discussion Papers Search Publications RIETI Books (English) RIETI Books (Japanese) History of Japan's Trade and Industry Policy Authors' Words Other Publications (English) Other Publications (Japanese) Events Symposiums Workshops BBL Seminars Archived Seminar Series Data JIP Database R-JIP Database CIP Database Industry-Specific Nominal and Real Effective Exchange Rates AMU and AMU Deviation Indicators JSTAR RIETI-TID RIETI FDI Database ICPA Project Links Articles Column Special Series Newspapers & Magazines Fellows' Works VoxEU Column From IZA Perspectives from Around the World Other Contents RIETI Report Policy Update Keizai Sangyo Journal (METI Journal) Research Areas Fellows Research/Policy Papers Publications Events Data Articles Site Map Technical Issues Coontact Discussion Papers Search Close HomeArticlesFellows' Works On Governance and Leadership Print October 19, 2005 Vol.3 Why Should the World Worry About Poverty?—The Case of South Asia (III) NISHIMIZU Mieko July 29, 2005 Vol.2 Why Should the World Worry About Poverty?—The Case of South Asia (II) NISHIMIZU Mieko July 29, 2005 Vol.1 Why Should the World Worry About Poverty?—The Case of South Asia (I) NISHIMIZU Mieko About the Column Many of my 20-odd years at the World Bank were spent in the muddy reality of the politics of change, or so-called reforms, in developing countries. The experience taught me that "development" is a process of social, economic and political change. As such, I learned to draw no distinction between rich and the poor nations in thinking about the political-economy issues of nation-building. So, no matter where in the world I was working, nary a day passed by without my casting thoughts to my motherland and her own nation-building. The single most important lesson I gained at the World Bank is this: Without good governance healthy nation-building is impossible, and the scarcest commodity in making good governance happen is good political leadership. Just as I would not invest in a business led by a dictatorial CEO, I regard dictatorial political regimes—be they military juntas, monarchies or communist governments—to be a risky venture for healthy nation-building, no matter how "good" the leadership might be. After all, leaders are not gods but mere human beings, and "Power tends to corrupt and absolute power corrupts absolutely." (Lord Acton, 1887, letter to Bishop Madell Creighton) So, as Winston Churchill once said, I say: "Democracy is the worst form of government, except all those other forms that have been tried from time to time." (1947, House of Commons) Democracy, more than any other form of political system, is a "dance" between the people and their leaders. To be sure, leaders can only be as "good" as the people permit them to be. But the reverse is also true—perhaps more powerfully so. Good leaders inspire. They raise the sights of the people well above their lowest common denominator. They help their people see beyond immediate personal gains or losses to greater opportunities for all. And that, in the end, is what enables good governance to take root, sustain itself, and grow over time, with all the checks and balances of democracy. I am borrowing this small corner of the virtual space called "Fellow's Contents" to share my random thoughts of over two decades. The topics may vary, but the theme will remain constant: governance and leadership. If Japan's current and future leaders in politics, business and elsewhere happen to find any piece of my thoughts at all useful, it will make me very happy. Needless to say, readers' feedback will be most wholeheartedly welcomed. July 29, 2005 Articles Column Special Series Newspapers & Magazines Fellows' Works Artificial Intelligence and Society: Philosophy of Fallibility East Asian Economic Strategies Research Notes on Spatial Economies Exploring the Global Financial Information Superhighway Kobayashi-sensei's Economic Research Picks On Governance and Leadership China in Transition Economics Review Digital Convergence Forum Revising Foreign Policy Interview Series: Economic Policy ExPost Evaluation of 2002 FIFA World Cup Korea / Japan Social System Design Workshop VoxEU Column From IZA Perspectives from Around the World Other Contents RIETI Report Policy Update Keizai Sangyo Journal Communications Newsletter RSS Feed Facebook X YouTube Research Areas Research Programs (FY2024-2028) Research Programs (FY2020-2023) Research Programs (FY2016-2019) Research Programs (FY2011-2015) Policy Research Domains (FY2006-2010) Projects Survey Fellows Research/Policy Papers Discussion Papers (English) Discussion Papers (Japanese) Policy Discussion Papers (English) Policy Discussion Papers (Japanese) Technical Papers (English) Technical Papers (Japanese) Non Technical Summaries List of Articles in Journals Research Digest Discussion Papers Search Publications RIETI Books (English) RIETI Books (Japanese) History of Japan's Trade and Industry Policy Authors' Words Other Publications (English) Other Publications (Japanese) Events Symposiums Workshops BBL Seminars Archived Seminar Series Data JIP Database R-JIP Database CIP Database Industry-Specific Nominal and Real Effective Exchange Rates AMU and AMU Deviation Indicators JSTAR RIETI-TID RIETI FDI Database ICPA Project Links Articles Column Special Series Newspapers & Magazines Fellows' Works VoxEU Column From IZA Perspectives from Around the World Other Contents RIETI Report Policy Update Keizai Sangyo Journal (METI Journal) About RIETI Privacy Policy Site Policy Site Map Help Contact METI Web Site Research Institute of Economy, Trade and Industry, IAA (JCN 6010005005426)JCN: Japan Corporate Number Opinions expressed or implied on this website are solely those of the author, and do not necessarily represent the views of the Research Institute of Economy, Trade and Industry (RIETI).Titles, numbers, specific names, etc. on this website are as of the date of publication. 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