How to import modern Western Institutions to suppress economic growth in underdeveloped countries? Russian experience and some warnings for newcoming reformers The monograph "Institutional Constraints on Modern Economic Growth" deals with the most dangerous obstacles standing in the way of long...

Surges and cuts are explained here by some of the political factors affecting governments' abilities to balance the budget broadly discussed in the literature. We focus on territorial separatism, minority government, grand coalition, single-party government, and the ruling party's ideology....