functional multiplicity, the importance of informal institutions, unintended consequences, and intended 'perversion' of … institutions all imply that the orthodox recipe of importing 'best practice' formal institutions does not work. While denying the … existence of universal formulas, the volume distills some general principles of institutions building from theoretical …

trade more. Second, democracy implies higher quality governance either through institutions or policy-making procedures. I …Scholars and policy makers believe that democracy will bring prosperity through integration into the global economy via …, importers and exporters. I find the theory that democracy, and many of its components, promotes international trade unconvincing …

Almost all major development institutions today say that promoting good governance is an important part of their … agendas. Despite this consensus, .good governance. is an extremely elusive objective: it means different things to different … good governance as a concept. While methodological discussions are often esoteric, the study argues that this one has real …