The consensus among scholars and policymakers that "institutions matter" for development has led inexorably to a conclusion that "history matters," since institutions clearly form and evolve over time. Unfortunately, however, the next logical step has not yet been taken, which is to recognize...

The consensus among scholars and policymakers that 'institutions matter' for development has led inexorably to a conclusion that 'history matters' since institutions clearly form and evolve over time. Unfortunately, however, the next logical step has not yet been taken, which is to recognise...

The consensus among scholars and policy-makers that 'institutions matter' for development has led inexorably to a conclusion that 'history matters', since institutions clearly form and evolve over time. Unfortunately, however, the next logical step has not yet been taken, which is to recognise...

Social cohesion - that is, the inclusiveness of a country's communities - is essential for generating the trust needed to implement reforms. Citizens have to trust that the short-term losses that inevitably arise from reform, will be more than offset by long-term gains. However, in countries...

The consensus among scholars and policymakers that "institutions matter" for development has led inexorably to a conclusion that "history matters," since institutions clearly form and evolve over time. Unfortunately, however, the next logical step has not yet been taken, which is to recognize...