The characteristics of a political settlement allow us to analyse the dynamics of institutional and policy evolution and their associated developmental outcomes. Four phases in the evolution of the political settlement in Bangladesh are identified, corresponding to the periods of military...

Bangladesh and Pakistan had very divergent experiences with aid after 1971. Politics in Pakistan was less inclusive in terms of opportunities for intermediate class political entrepreneurs. In this context, the significant role of military aid to Pakistan had very negative effects on its...

The role of institutions in Asian development has been intensely contested since Myrdal's Asian Drama, with later contributions from institutional economics and developmental state theory. Despite much progress, the dominant approaches do not agree about the institutions that matter nor do they...