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The 1990s and 2000s have witnessed a spurt of energetic institution-building in the developing world, as regulatory … noticed both by scholars of regulation and of development, let alone adequately documented and theorized. Yet the consequences …
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The Grand Transition (GT) view claims that economic development is causal to institutional development, and that many institutional changes can be understood as transitions occurring at roughly the same level (zones) of development. The Primacy of Institutions (PoI) view claims that economic...
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