Emerging economies present the case of rapid changes in markets and institutions. In this context, joint ventures between multinational enterprises (MNEs) and local firms are subject to a gamut of calculations between the partners for arriving at mutually beneficial contractual arrangements. In...

Literature in economic development shows how countries diverge and converge in economic growth owing to technological change and capital accumulation. In this paper, I examine micro level divergence and convergence of best practices of firms within a broadly defined industry. Multinational...

Governance of economic and political activities both by private and public institutions is an important source of economic development apart from the conventional sources such as technological progress, capital accumulation and endowment of resources of a nation. China and India are the two...

Institutional corruption is defined as an act by a public or a private agent that can be justifiable legally but still is corrupt. This arises out of missing institutions, laws and regulations. Furthermore, ability of powerful agents in influencing law making and implementing regulation can be a...

This paper outlines the evolution of additive manufacturing technology, culminating in 3D printing, and presents a vision of how this evolution is affecting existing global value chains in production. In particular, we bring up questions about how this new technology can affect the geographic...