Although new and strengthened regional institutions have emerged in most regions of the global economy, institutional variation has persisted. The key dimensions of institutional variation considered here are decision rules; commitment devices, such as legalization and enfranchisement; and...

This paper assesses why the 2008–2009 global economic recession impacted East Asia less than it did the United States (US) and the European Union (EU). The paper utilizes a “growth-with-resilience” (GWR) index aimed at measuring the extent to which a country can absorb or counteract...