This article provides a critical analysis of Frye (2000) and existing theories of self-governance. Following up on the recent studies by Stringham (2003, 2003), we focus our attention on the emergence of financial markets for several reasons. The common perception is that complicated financial...

The bulk of International Finance Corporation (IFC) lending benefits companies from rich countries, and projects in countries with middle income. Large conglomerates such as Lidl or Mövenpick have been among its direct beneficiaries. This contrasts to some extent with the IFC's official...

"Contributing authors to this volume re-examine the concept of the developmental state by providing further theoretical specifications, undertaking critical appraisal and theoretical re-interpretation, assessing its value for the emerging economies of China and India, and considering its...

Despite decades-long efforts to eradicate it, corruption remains a major risk for doing business in emerging markets. Our study of 111 CEOs and owners of companies operating in Russia showed the ineffectiveness of universalistic top-down anti-corruption strategies at the firm level and tested a...