David J. Teece discusses with Sidney G. Winter some of the major contributions of Alfred D. Chandler, Jr. Topics discussed include path dependence and the organizational embeddedness of competences and capabilities, the recent financial crisis, and the electronic century in terms of Chandler's...

The World Bank's most important long-term advantage in promoting development, says the author, may lie in opportunities to address related obstacles simultaneously. It could mount concurrent efforts to address the problems of small and medium-size enterprises in a particular sector, region, or...