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Publications (3)
– The Long-Run View
The twentieth anniversary of the fall of the Berlin Wall has stimulated much reflection on the political, economic and social transitions that have taken place in the past two decades. Many Central European and Baltic countries initially appeared to epitomize a successful transition to markets and...
The issue of institutional development has come to prominence during the last decade or so. During this period, even the IMF and the World Bank, which used to treat institutions as mere 'details', have come to emphasize the role of institutions in economic development. However, there are still some...
– Concepts and Policies
The concepts of formal and informal remain central to the theory and practice of development more than half a century after they were introduced into the debate. They help structure the way that statistical services collect data on the economies of developing countries, the development of...
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