For the developing world, the past half-century has been a time of recurring hope and frequent disappointment. Great waves of change have washed over the landscape, from the crumbling of colonial hegemonies in mid-century to the recent collapse of Communist empires. But too often, what rushed in to replace the old order were empty hopes-not only in the false allure of state socialism, non-alignment and single-party rule, but also the false glories of romantic nationalism and narrow tribalism, and the false dawn of runaway individualism.