SHAREEarlier this year I met outgoing Peruvian President Alejandro Toledo. His tenure as president had been one of impressive economic growth, but nevertheless he was a troubled man. He was experiencing in a cruel way the complex issue of democratic politics and development: His approval rating as president was lower than the economic growth numbers of his country. He also verbalized the democracy-development dilemma better than anyone: “They applaud for me at Wall Street. But there is noise in the main street.”
