This article posits that there is no a priori reason that industrial upgrading and market expansion leads to greater social protections or better regulation. I ask three questions and attempt a conceptual framework for institutions and their broader spatial evolution. A firm’s regional risk...

This paper aims to put together two strands of economic analysis. One is concerned with technological progress as the key driving force behind economic development. The other is concerned with the role of institutions in shaping economic activity, and with how institutions change in the process...