Governments around the world are deeply divided about the proper role of industrial policy, with some politicians arguing for hands-off governance and others supporting government intervention to promote ""national champions""-- firms that receive government support for both political and...

The narrative of development economics is now infused with discussions of institutions. Economists debate whether institutionsor other factors altogether (geography, culture, or religion)are central to development. In this volume, leading scholars in development economics view institutions from...

Competitiveness among nations is often approached as if it were a sports competition: some countries win medals, others lose out. This view of countries fighting it out in the economic arena is especially popular in business circles and among politicians. Economists, however, take a very...