Does trade improve institutions and contribute to long run growth? I develop a theory of trade, in which trade liberalization provides incentive to change institutions in two ways. On the one hand, trade leads to specialization according to comparative advantage, expanding the industries that do...

This chapter analyzes the European Union's (EU) development initiatives in Africa. The relationship between the EU and Africa dates back to the inauguration of the EU in the 1950s and has since undergone different iterations as a paragon of Global North and Global South development interactions....