Haggard, Stephan; Lee, Jennifer; Noland, Marcus - In: Journal of Asian Economics 23 (2012) 2, pp. 130-145
Theory tells us that weak rule of law and institutions deter cross-border integration, deter investment relative to … business in North Korea, we consider how informal institutions have addressed these problems in a setting in which rule of law … and institutions are particularly weak. Given the apparent reliance on hedging strategies, the rapid growth in exchange …