Sharun Mukand is a Professor of Economics at the University of Warwick and was a Member of the Institute for Advanced Study at Princeton in 2014-15 when much of the research for this paper was undertaken. He is also Research Theme Leader at CAGE at the University of Warwick and a Fellow of CESIfo. His research is on the political economy of policymaking and globalisation, especially from the point of view of developing countries. Currently he is working on issues related to the role of “ideas” in helping construct identities, instil values such as liberalism and shape views about policy.