The debate around the effects of globalization is both widening and deepening. While some nations, like India and China – countries that have consciously built a manufacturing sector for five decades – come across as winners, a large number of smaller Third World nations seem to lose out...

The article is based on the thesis that institutional quality influences the economic performance. From this point of view under certain circumstance the government policy is able to increase efficiency and performance of economies through creation, maintenance and cultivation of appropriate...

Gunnar Myrdal published Asian Drama in 1968, a work which made important analytical contributions to our understanding of development but was deeply pessimistic about Asia's future prospects. Since then, contrary to Myrdal's expectations, Asia's development has been remarkable, although...

Language as a formal and informal institution can be a useful tool of the society for effective communication in order to adopt the right policies for economic development, etc. And yet Greece is probably the only country in the world which does not differentiate Finance from Economics, e.g....

Central to the scientific debate about the 'informal sector' and the validity of the concept used to be a twofold challenge. The crux laid not only in the objective to explain the widely visible persistence of the informal economy in developing countries, but also in the identification of its...

Central to the scientific debate about the 'informal sector' and the validity of the concept used to be a twofold challenge. The crux laid not only in the objective to explain the widely visible persistence of the informal economy in developing countries, but also in the identification of its...

Gunnar Myrdal published Asian Drama in 1968, a work which made important analytical contributions to our understanding of development but was deeply pessimistic about Asia's future prospects. Since then, contrary to Myrdal's expectations, Asia's development has been remarkable, although...

Language as a formal and informal institution can be a useful tool of the society for effective communication in order to adopt the right policies for economic development, etc. And yet Greece is probably the only country in the world which does not differentiate Finance from Economics, e.g....

Central to the scientific debate about the 'informal sector' and the validity of the concept used to be a twofold challenge. The crux laid not only in the objective to explain the widely visible persistence of the informal economy in developing countries, but also in the identification of its...

This paper discusses some theoretical-methodological bases for comparative institutional analysis. First, it shows the specific approach of the Marxian school to analyzing social and economic institutions. Second, it discusses the most general features of the system paradigm in economic theory...