This book focuses on the role of economic and political institutions in economic development. The book offers fresh perspectives on the issues facing less-developed countries and the elements influencing their outcomes. The text includes chapters on democracy, property rights, and economic...

Electronic markets have grown rapidly in recent years. One of the largest markets on the Internet is the online auction platform eBay that is active in more than 40 countries and has more than 80 million active users. In order to reduce the problems caused by information asymmetries and...

Though labour market regulations have been blamed for the poor economic performance of many developing countries, the evidence on which this argument rests is weak. Through a survey of different labour market institutions in developing countries, this book reaffirms the importance of labour...

This book seeks to clarify the positive and negative lessons in the experiences of late development under neoliberal globalization. Dic Lo explores competing theories, with a view to constructing an alternative synthesis that transcends neoliberalism, placing greater emphasis on solidarity and...

Through comparative studies of aid-supported infrastructure projects in East Asia and Sub-Saharan Africa, the book examines how aid could assist development processes by facilitating development of local endogenous institutions

Introduction -- The Foundations: Human Needs and Cultural Background -- Culture in Economic Thinking -- Cultural Background and Economic System -- The Effect of Cultural Background on Incentives, Growth and Distribution and Vice Versa -- Cultural Background and Rationality -- The Cultural...

This book analyzes the role played by initial endowments and colonizer identity in seeking to explain institutional development in former colonies. It presents a model of two styles of imperialism that integrates the colonial origin and endowment views explaining current institutions. The...

General Principles of Institution Design -- The Three Conditions for Behavior -- Observers -- Promoters -- Behavior Suppressors -- The Sun Diagram and the Five Basic Institution Structures -- Institutions of Behavior Management -- Behavior probability under the Behavioral Management Institution...