Nepal is now in the process of graduating from Least Developed Country (LDC) to Developing Country (DC), as Nepal reportedly met the thresholds for Human Assets Index (HAI), and Economic and Environmental Vulnerability Index (EVI), the two of the three criteria for graduation, although its...

This paper explores entrepreneurship amongst return migrants, how their business locations and characteristics differ from other businesses, and the implications for rural-urban inequality. First, we examine, amongst returnees, the determinants of investment in a project/enterprise. Second, we...

This paper extends the North, Wallis, and Weingast (2009) framework for understanding the problems of development. Our approach distinguishes two development problems that are normally conflated. Most approaches to development focus on the second problem, namely, the transition of societies from...

This article is concerned with the remarkable development of technological and economic capabilities by Korean and Taiwanese firms, particularly in electronics, and Indian firms in software and a few other fields. While the cases differ in many aspects, they all involve active learning, in some...

In the 1980s and 1990s, rapid market oriented reforms, liberalization and privatization (“shock therapy”) in developing and transformational countries caused economic and social problems that began to undermine the legitimacy of political democratization and market reforms itself. Scholars...

The World Bank has published a series of reports on corporate governance as part of its project on the Reports on the Observance of Standards and Codes (ROSC). The corporate governance principles in its ROSC Reports are benchmarked against the OECD’s Principles of Corporate Governance (OECD...