Why are rich countries democratic?

Ricardo Hausman, a Professor at Harvard University, writes on the necessity of proper democracy (beyond voting cast) through decentralizing the power and empowering the legislation to monitor government activities. The main theme of the article comes in the following way:

"... successful political systems have had to create an alternative invisible hand – a system that decentralizes the power to identify problems, propose solutions, and monitor performance, such that decisions are made with much more information."

Link for the article.

Look East Policy for Bangladesh

Ifty Islam writes on the much needed policy prescription 'Look East Policy'. As Ifty rightly mentioned, there is twin benefit of the said policy: (i) countries in the East Asia have the potential to bring a large amount of FDI in Bangladesh, if they receive the required support, and (ii) these countries are likely to be the biggest importer of Bangladeshi products after USA and Europe. Both of these benefit will trigger GDP growth in Bangladesh from its current position. A worth reading article!

Link for the article.