Institutional and technological change is a highly topical subject. At the theoretical level, there is much debate in the field of institutional economics about the role of technological change in endogenous growth theory. At a practical policy level, arguments rage about how Japan and the...

Recounts Brazil's evolution from remote Portuguese colony, through economic crises that led to more prudent monetary policies, and to its new status as a regional leader, a respected ambassador for the developing world, and an increasingly important partner for the United States and European...