Following the 1997-98 financial turmoil, crisis countries in Asia moved toward either floating or fixed exchange rate systems, superficially consistent with the bipolar view of exchange rate regimes and the "hollow middle" hypothesis. But some observers have claimed that, despite the changes in...

We describe a unique institution used by 19th century Indian guilds to raise funds: The guild members agreed that on a particular day all but one of their shops would be shut. An auction would be held to determine which one shop would remain open, and the winning bid would go to the guild funds....

Are workers' interests regarding working conditions adequately refelcted in workplace outcomes during the process of development? This paper spells out a framework of analysis -- based on the criteria of efficiency, justice, and well-being-- by which we might arrive ar answers to this question....