been adopted by development analysts, and where fresh thinking is needed, particularly in the light of changes occurring in …

The role of institutions in Asian development has been intensely contested since Myrdal's Asian Drama, with later … agree about the institutions that matter nor do they explain why similar institutions delivered such different results … across countries. Cultural norms and informal institutions clearly matter but the appropriate norms did not already exist in …

Entrepreneurship plays a pivotal role for institutional change and economic development in transition and developing … economies. Formal and informal institutions in such countries are often sub-par, but rather than being constrained by them …, entrepreneurship can often affect institutions and contribute to their evolution. We highlight three entrepreneurial responses to the …