The purpose of this paper is to illustrate how institutional analysis can be applied to the study of an evolving institution--the Foreign Sales Corporation (FSC). The FSC was created by the US government to provide a tax incentive to domestic exporters. It has a checkered history because the...

The relationship between international commerce and sustainable development is the subject of much controversy that is exacerbated by geographic boundaries that are co-jointly developed, shaped, and sustained by regional trade agreements. The outcomes of three Americas trade agreements - NAFTA,...

In the 1990s, emerging economies all over the world deregulated, privatized and liberalized their domestic markets. These regulatory punctuations caused radical institutional changes for emerging market firms (EMFs). We argue that, for EMFs, regulatory punctuations created a liability of...