Der ehemalige Mitarbeiter der Weltbank ist heute als wirtschaftspolitischer Berater tätig. Für de Soto greifen die traditionellen Erklärungsmuster für die negativen Begleiterscheinungen der Globalisierung zu kurz. In vielen unterentwickelten Ländern gebe es riesige Vermögenswerte, die...

This paper discusses the recent literature on the role of the state in economic development. It concludes that government incentives to enact sound policies are key to economic success. It also discusses the evidence on what happens after episodes of economic and political liberalizations,...

The 1990s and 2000s have witnessed a spurt of energetic institution-building in the developing world, as regulatory agencies emerge to take over the role of the executive in key sectors. This rise of the regulatory state of the south is barely noticed both by scholars of regulation and of...