This paper seeks to explain, why Russian (and CIS) economic transformation was neither a shock therapy nor a gradual transition case, but instead followed a sort of middle-ground inconsistent shock therapy path.

The coherence and effectiveness of engagement with the world.s .fragile and conflict-affected states..beyond ethical imperatives and geo-strategic considerations.turns on answers to two vexing questions. First, on what defensible basis is any given countr

This study provides evidence that culture understood as values and beliefs moves very slowly. Despite massive institutional change, values and beliefs in transition countries have not changed much over the last 20 years. Evidence suggests that culture is affected by the long run historical past,...

The paper tries to improve our understanding on the role of institutions in development by critically examining the current orthodox discourse on institutions and highlighting some of its key problems. After discussing some definitional problems, the chapter examines a number of problems in the...

This study shows that China.s post-1949 state-led industrialization has closely followed an underlying path that began in the late nineteenth century. It was initiated by pressing national defence needs and has since been motivated by the same and strong incentives for a faster catch-up with the...

This study gauges the status of transition in the formerly centrally planned economies of Eastern Europe and Central Asia, using a broad approach that compares countries with respect to their business environment, competition, and managerial practices; and assesses transition progress at the...

Vietnam.s development performance since the early 1990s has been one of the strongest in the world, following the introduction of its doi moi (.renovation.) economic reform programme in 1986. The core of Vietnam.s economic strategy has been rapid integration into the world economy, with a...