How can property rights be protected and contracts be enforced in countries where the rule of law is ineffective or absent? How can firms from advanced market economies do business in such circumstances? In Lawlessness and Economics, Avinash Dixit examines the theory of private institutions that...

'Grow first, clean up later' environmental strategies in the developing economies of East Asia pose a critical regional and global sustainability challenge in this area of continuing rapid urban-based industrial growth which is the most polluted region in the world. Using detailed case studies...