The Modern Silk Route is offering a potential land-bridge between China and Europe through Central Asia and Russia that offers a complement to existing shipping routes, and is attracting growing interest by a selected number of multinational companies. However, the main role of the Silk Route is...

It is widely believed that current disparities in economic, political, and social outcomes reflect distinct institutions. Institutions are invoked to explain why some countries are rich and others poor, some democratic and others dictatorial. But arguments of this sort gloss over the question of...