"This volume proposes an alternative development paradigm to the existing capitalist extant one, and studies how it is distinctly different from the older system. Rooted in the principles of solidarity between humans, as well as between humans and nature, this alternative paradigm replaces the...

Does trade improve institutions and contribute to long run growth? I develop a theory of trade, in which trade liberalization provides incentive to change institutions in two ways. On the one hand, trade leads to specialization according to comparative advantage, expanding the industries that do...