New Zealand and Uruguay enjoyed a virtuous incursion into the world economy during the first globalisation era (1870–1914) as settler economies producing food and raw materials. This allowed both countries to attain high economic growth rates and high levels of income per capita, and to...

Land conflicts in developing countries are costly. An important policy goal is to create respect for borders. This often involves mandatory, expensive interventions. We propose a new policy design, which in theory promotes neighborly relations at low cost. A salient feature is the option to...