In a series of recent papers, Mark Roe and Lucian Bebchuk have developed further the concept of path dependence, combined it with concepts of evolution and used it to challenge the wide-spread view that the corporate governance systems of the major advanced economies are likely to converge...

This essay argues that economic systems should be defined in terms of clusters ofcomplementary institutions. To show how such an approach can be carried out, I use acluster analysis technique and data on forty different economic institutions in OECDnations to isolate four quite different...

Greater China comprising the PR China, Hong Kong and Taiwan 1 does not exist as an entity, neither as a trading arrangement nor as a monetary arrangement or political grouping. Yet, both the reminiscence of a common history and the ethnical homogeneities have always stimulated fantasies of how...

This paper suggests that current research on international business should provide for a more prominent role of Politics in its analysis. International research examines transactions that reach across national borders, yet nations and their borders have so far not been sufficiently...

This paper argues that corruption patterns are endogenous to political structures. Thus, corruption can be systemic and planned rather than decentralized and coincidental. In an economic system without law or property rights, a kleptocratic state may arise as a predatory hierarchy from a state...

This paper analyses the transformation of two of the staple trades of the pre-modern international economy –those in wool and dried codfish– during the transition from the late medieval to the early-modern period. The development of early modern long-distance trade was subject to three major...

Die vorliegende Studie von Britta Utz thematisiert ein hochaktuelles Thema. Es geht um die Auswertung der ersten fünf Jahre Erfahrungen mit den Leitsätzen für multinationale Unterneh-men, die im Rahmen der OECD im Jahre 2000 vereinbart worden sind. Die Unterzeichnerstaa-ten der OECD haben in...

This paper discusses the impact of growing joblessness and dwindling workopportunities on inner-city areas in America. The lack of low-skilled manualwork in the inner city is linked to poverty, crime, family dissolution and thesocial life of neighbourhoods. The paper discusses this impact at...