"Attracting financial capital is essential for economic growth in developing countries, but can often tragically foster nondemocratic politics. Consider, for example, the impact of foreign aid. Since 2008 Ethiopia has been one of the largest recipients of U.S. aid in Africa, averaging around $80...

"State Transformation and Chinese Foreign Policy If we want to understand China's international behaviour, we have to open the black box ... State authority is fragmenting, more and more actors are involved in the making of foreign policy, and implementing it. Authority is increasingly...

This paper defines institutions, presents their basic characteristics, and discusses forces for institutional change. It draws on a wealth of research and study by scholars in different fields and follows from the flagship 2002 World Development Report on this topic, including relevant new...

This book identifies and explores the mechanisms linking political institutions and variation in capitalist systems. A strong correlation exists between varieties of political regimes and varieties of capitalism: majoritarian political regimes are correlated with liberal market economies (LMEs)...