with the EU, it would have to realise fundamental and systemic governance and economic reforms. …

quality of governance) and the degree of market segmentation (depending on the level of ethnic fractionalization). The model …

We analyze whether or not the globalization of capital, ‘disciplines’ governments and improves governance. We … demonstrate that globalization affects governance, by increasing a country’s vulnerability to sudden capital flight. This … increased threat of capital flight can discipline governments and improve governance and welfare by placing countries in a …

trade more. Second, democracy implies higher quality governance either through institutions or policy-making procedures. I …. Economic freedom does not have the expected impact on international trade levels, but quality of governance variables have …