Democracy and Development: The Devil is in the Details

and attempted to identify conditions under which democratizations would yield subsequent high and inclusive economic growth. Specifically, it considered the impact of alternative democratic forms of democracy (e.g., parliamentary versus presidential democracy) on fiscal and trade policies implemented after democratization. A large empirical literature in economics and political sciences has addressed these issues. Professor Guido Tabellini of Bocconi University highlighted the main findings of this literature, paying particular attention to the interactions between economic and political liberalizations.