"The reform package in post-crisis Korea was one of the most comprehensively designed and decisively implemented. Though impressed by the quick recovery, many are now raising doubts about real changes in the economy, as the result of a cost-benefits analysis: While the business climate is more...

1. Water challenge : an institutional diagnosis -- 2. Understanding institutions : nature, performance, and change -- 3. Existing literature : approaches, attempts, and limitations -- 4. Evaluating institutional linkages : towards an alternative methodology -- 5. Analytical framework and...