This short essay introduces a set of timely critiques of the power shifts in global contracting. The chapters range from investment disputes and carbon trading, commercial arbitration and private military companies to cotton trading and global value chains. In a global context of a ‘turn to...

We review the literature analyzing the impact of pro-market institutions on firms' global strategy. We propose that the ideological tension between whether the government or the market should drive economic development results in a pendulum of pro-market reforms and reversals that drive changes...

This article challenges "The Liberal Peace" described in work by Michael Doyle from three standpoints. First, it questions whether the statistical tests (which were performed and published by scholars other than Doyle) actually test any coherent theory of peace or conflict. Second, it questions...

What explains the simultaneous critiques of economic theory and liberalism during the 1930s? Early neoclassical economists had a common understanding of the proper institutional context under-girding a liberal market order. From the marginal revolution emerged a growing emphasis on analyzing...

This study assesses the potential gains from unilateral trade liberalization for the UK, against the background of a hard Brexit in which a hard border and tariff wall is erected between the UK and the European Union. Unilateral trade liberalization would allow the UK to expeditiously offset at...

Since the 1991 balance of payments crisis, India has embarked on an ambitious program of economic liberalization. Over the past decade the Indian government has introduced a series of far-reaching reforms that have transformed the once closed economy. This paper examines the policy reforms and...