In this paper we argue that the main determinant of differences in prosperity across countries are differences in economic institutions. To solve the problem of development will entail reforming these institutions. Unfortunately, this is difficult because economic institutions are collective...

Not necessarily the most appropriate defence of stakeholder interests can be found in the institutions and practice of corporate governance, other specific kinds of legal provisions can be more suitable. In the literature the issue of protection of stakeholder interests (of employees in...

In a first step, more generally, the concept of institutional arbitrage within the comparative capitalism literature is put to a test: as a result of comparative institutional advantages due to different investment incentives provided by types of institutions, companies relocate activities to...

In this paper, we will show that the capitalist-spirit approach to economic growth has been developed by Adam Smith, Karl Marx, Max Weber and John Maynard Keynes and many others. It can be demonstrated that countries with different degree of the capitalist spirit will have different per capita...

This paper sheds light on the heavy financial burden on peasants in China's fiscal decentralization system. Using a political economy framework, this paper explores the tax-farming nature of China's fiscally decentralized system and examines why the system incurs a particularly heavy financial...

The paper analyzes the various systems of capitalism and the differences among the scheme of the principal countries. While the private ownership of the means of production is present in the most countries, there are differences in the activity played by the State, by the market and by the...

The paper analyzed the new concept of European management model, which has two important dimensions: ethic and communication. In conclusion, I show that throughout business we can see how people appreciate a certain relationship or interaction with other people by how they "keep or remotely....

This paper surveys some of the important literatures on financial, economic and social systems with an eye towards explaining the tendencies towards ‘financialisation’. We focus on important strands of this literature: the French Regulation School, the US-based Social Structures of...

El trabajo parte de una pregunta fundamental: ¿La democracia es funcional a la racionalidad propuesta a las sociedades desde la economía de mercado capitalista?. Darle salida a este interrogante exige asumir dos presupuestos teóricos: 1) no asumir una equiparación lineal y estática entre...

Una aproximación crítica al gobierno de Álvaro Uribe Vélez constituye unaporte para leer las dimensiones de la crisis nacional en el entramado de lapolítica y la economía. Resaltando los contextos internacionales másdeterminantes, al igual que los propósitos más significativos de la...