The Liberalisation Delusion by Li Ka Shing Professor of Economics Danny Quah. Openness, globalisation, and liberalism are in retreat. Liberal democracies, long critical of others they considered mere autocracies, today confront policy pressures so intense that some have heavy-handedly closed in on themselves. What went wrong? Did political openness over-promise? Did the divide between democracy and autocracy sensibly distinguish alternate pathways to economic and political success? Is the era ov