Recent discussions of the 'Chinese economic development model', the emergence of an alternative 'Muslim model' over the past quarter century and the faltering globalisation of the 'Washington Consensus' all point to the need to investigate more systematically the nature of these models and their...

Frontmatter -- Contents -- Introduction: The Lure of Development Models -- Part One. The Chinese Model and its Global Reception -- Chapter 1 A China Model or Just a Broken Mould? -- Chapter 2 Latin America's View of China: Interest, but Scepticism -- Chapter 3 The China Model in Africa: A New...

We analyze the role of risk-sharing institutions in transitions to modern economies. Transitions requires individual-level risk-taking in pursuing productivity-enhancing activities including using and developing new knowledge. Individual-level, idiosyncratic risk implies that distinct...