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This paper traces the 11,000 year evolution of infrastructure systems during major periods of innovation, expansion and … millennia, although at times it has been pivotal in bringing innovation, taking risks and driving efficiency. It is argued that … innovation cycles, stressing that only an evolutionary, multi-disciplinary, systems approach embracing technology, finance, and …
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theory-based understanding of this innovation and knowledge of their evolution is still limited. On a basic level, this holds …
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Especially after the Asian crisis, the conviction gained stronger acceptance that convergence of economic performance would also require convergence of economic institutions to some "institutional best practice". This paper challenges this view by distinguishing different paradigms of analyzing...
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