This paper shows how the analytical framework developed in Lal-Myint (1996) and Lal (1998) can be used to think rigorously about the role of culture and politics in addition to traditional economic factors like factor-proportions in explaining divergent e

This paper critically examines the fears of India's cultural nationalists that globalisation will undermine ancient and cherished ways of life, by distinguishing between modernisation and Westernisation. It argues that accepting the material beliefs of the West, which is essential for...

In examining the effects of the communications revolution on economic performance, the paper makes a distinction between the exchange and policing aspects of transactions costs and shows how they can be mapped into what are distinguished as the material and cosmological beliefs of different...