Skip to Main Content
HBS Home
  • About
  • Academic Programs
  • Alumni
  • Faculty & Research
  • Baker Library
  • Giving
  • Harvard Business Review
  • Initiatives
  • News
  • Recruit
  • Map / Directions
Faculty & Research
  • Faculty
  • Research
  • Featured Topics
  • Academic Units
  • …→
  • Harvard Business School→
  • Faculty & Research→
Publications
Publications
  • August 2005 (Revised August 2005)
  • Background Note
  • HBS Case Collection

Spotting Institutional Voids in Emerging Markets

By: Tarun Khanna and Krishna G. Palepu
  • Format:Print
  • | Pages:11
ShareBar

Abstract

With the demise of communism, many countries in the world are striving to build their economic activity around markets and to participate in free trade arrangements, such as the World Trade Organization (WTO), European Union (EU), and North American Free Trade Agreement (NAFTA). Addresses several issues critical to understanding the unique nature of emerging markets relative to their more mature counterparts. What is the fundamental challenge in building well-functioning markets? On which sets of institutions do advanced markets rely to resolve these challenges? What makes building these institutions complex? What happens when some of these institutions are either absent or underdeveloped in an economy? How does one spot these institutional voids?

Keywords

Emerging Markets

Citation

Khanna, Tarun, and Krishna G. Palepu. "Spotting Institutional Voids in Emerging Markets." Harvard Business School Background Note 106-014, August 2005. (Revised August 2005.)
  • Educators
  • Purchase

About The Authors

Tarun Khanna

Strategy
→More Publications

Krishna G. Palepu

Accounting and Management
→More Publications

More from the Authors

    • January 2023
    • Faculty Research

    Velong: Rethinking 'Made in China'

    By: Krishna G. Palepu, Nancy Hua Dai and Billy Chan
    • November–December 2022
    • Harvard Business Review

    Your Company Needs a Space Strategy. Now.

    By: Matthew Weinzierl, Prithwiraj (Raj) Choudhury, Tarun Khanna, Alan MacCormack and Brendan Rosseau
    • November 2022
    • Faculty Research

    AES Corp: A Global Power Transformation

    By: Tarun Khanna, Allison Ciechanover and Matt Higgins
More from the Authors
  • Velong: Rethinking 'Made in China' By: Krishna G. Palepu, Nancy Hua Dai and Billy Chan
  • Your Company Needs a Space Strategy. Now. By: Matthew Weinzierl, Prithwiraj (Raj) Choudhury, Tarun Khanna, Alan MacCormack and Brendan Rosseau
  • AES Corp: A Global Power Transformation By: Tarun Khanna, Allison Ciechanover and Matt Higgins
ǁ
Campus Map
Harvard Business School
Soldiers Field
Boston, MA 02163
→Map & Directions
→More Contact Information
  • Make a Gift
  • Site Map
  • Jobs
  • Harvard University
  • Trademarks
  • Policies
  • Accessibility
  • Digital Accessibility
Copyright © President & Fellows of Harvard College