Whoa!

CAIRO – Egypt’s Hosni Mubarak resigned as president and handed control to the military on Friday after 29 years in power, bowing to a historic 18-day wave of pro-democracy demonstrations by hundreds of thousands. “The people ousted the president,” chanted a crowd of tens of thousands outside his presidential palace in Cairo.

On that note, here’s a couple of interesting things that economists have to say about this situation.  First, Barry Eichengreen tells us “Why Egypt Should Worry China,” and next Dani Rodrick tells us about “The Poverty of Dictatorship.”

Is this a Fukuyama moment?

Well, it’s not clear that Fukuyama thinks so.