The paper is an English draft version of the text previously published in Chapter 8 in the book "Institucionalnye ogranichenia sovremenogo ekonomicheskogo rosta" - Institutional Constraints on Modern Economic Growth – “Delo” Publishing House Moscow, 2011 In this chapter, the authors tried...

Political mobilization of business forces in the post-communist world has crucial implications for economic development and civil society. The emergence of strong cross-sectoral business associations during Putin's presidency challenges the prevailing view of Russia's political economy as an...

What do we know about the politics of corporate governance in emerging markets? While the state-level institutions have been amply explored, firm-level dynamics remain under-theorized. Complementing the orthodox emphasis on external finance as causal force behind the adoption of “minority...

How do property rights become secure? How does rule of law take hold in an economy? I use an original survey of 516 firms in Russia and Ukraine, as well as interview-based case studies, to re-examine these fundamental issues of political economy. Most states in the developing world lack the...

Political economists are learning to adapt network analytics and theories of evolutionary selection to build better models of large-scale socio-economic processes. A complex systems approach offers the conceptual tools to unify these efforts to understand large systems and their macroscopic...

This article presents some of the key arguments and findings of the author's forthcoming book, Democracy, Inequality and Corruption: Korea, Taiwan and the Philippines Compared (Cambridge University Press). It explores how inequality increases corruption via electoral clientelism, bureaucratic...

Successful governance implies that organizations, networks, or practices create public or club goods by constraining behavior, sharing information, or providing resources. While effective governance may require a functional state, compelling studies have theorized informal governance without...

Conventional wisdom in new institutional economics suggests that property rights become more secure following sovereign commitment. The article tests this axiom in the crucial case of the 2004 Orange Revolution in Ukraine. I show that despite the wide-ranging constraints imposed after the...

What threatens the property rights of business owners? And what makes these rights secure? This book transcends the conventional diagnosis of the issue in modern developing countries by moving beyond expropriation by the state ruler or by petty bureaucratic corruption. It identifies 'agent...

The early 21st century will be remembered for its shift in global economic power dynamics. In the past two decades, the Chinese government has fostered the growth of many of the world’s most valuable firms, advanced complete integration of Chinese companies in global supply chains, and...