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  • 2016
  • Book

Institutions, Institutional Change and Economic Performance in Emerging Markets

By: Lakshmi Iyer
  • Format:Print
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Abstract

Emerging markets play an increasingly important role in the global economy, accounting for 31% of global GDP and more than 50% of global foreign direct investment in 2012. However, doing business in emerging markets remains subject to a high degree of "policy risk," namely the risk that a government will discriminatorily change the laws, regulations, or contracts governing an investment—or will fail to enforce them—in a way that reduces an investor's financial returns. Institutions, Institutional Change and Economic Performance in Emerging Markets brings together a series of Harvard Business School case studies on emerging markets. This book is an invaluable resource for researchers in the fields of economics and business to understand the role of specific economic and political institutions in shaping the business environment and economic growth in emerging markets. It gives answers to the following questions: When will governments define and enforce property rights? When will the division of policy authority across different government agents (e.g. federal and subnational governments, or politicians and bureaucrats) enable better policy decisions? And what are the consequences of globalization for the economic growth and stability of emerging market countries?

Keywords

Emerging Markets; Property Rights; Economic Policy; Political Economy; Emerging Markets; Economic Growth; Government And Politics; Business And Government Relations

Citation

Iyer, Lakshmi. Institutions, Institutional Change and Economic Performance in Emerging Markets. World Scientific, 2016.
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More from the Author

    • February 2016
    • Faculty Research

    Indonesia: Growth and Stability in a Global Economy

    By: Lakshmi Iyer
    • 2015
    • Faculty Research

    The Long Run Consequences of Colonial Institutions

    By: Lakshmi Iyer
    • May 2015
    • Faculty Research

    The United Kingdom and the Means to Prosperity

    By: Laura Alfaro, Lakshmi Iyer and Hilary White
More from the Author
  • Indonesia: Growth and Stability in a Global Economy By: Lakshmi Iyer
  • The Long Run Consequences of Colonial Institutions By: Lakshmi Iyer
  • The United Kingdom and the Means to Prosperity By: Laura Alfaro, Lakshmi Iyer and Hilary White
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