managers have more limited skills and access to world markets, domestically privatized firms have been more subject to … firm performance. "--World Bank web site …

"The authors use a sample of 147 countries to investigate the link between democracy and reforms. Democracy may be … but bring future prosperity. This paper tests these hypotheses, using data on micro-economic reforms from the World Bank … economic institutions. The results provide robust support for the claim that democracy is good for growth-enhancing reforms …