In MENA, openness does not automatically calm the storm. It determines how violently shocks are transmitted—and to whom. Until trade and financial integration are aligned with institutional strength, ...

Even socialist kibbutzniks can come to appreciate the benefits of markets when given a chance to directly compare them to socialism. Kibbutzim are Israeli farming communities originally established as ...

Despite much speculation, the ascension of a new president in Cuba is unlikely to usher in holistic economic change as the country’s political apparatus will surely impede wholesale reform Miguel Diáz ...

On Narasimha Rao's 21st death anniversary, Telangana leaders, including CM A Revanth Reddy and Union Minister G Kishan Reddy, ...

Following the passing of Manmohan Singh, former prime minister of India and chief architect of its economic liberalization, this episode of Beyond the Indus focuses on his legacy and the wider topic ...

Indian Prime Minister Narendra Modi stunned his country earlier this month when, out of the blue, he declared 85 percent of the nation's currency notes null and void. India's two highest rupee notes — ...

The JEI has been internationally respected journal of institutional and evolutionary economics since its founding in 1967. The journal has published articles that describe aspects of evolving economic ...

Protectionists are fond of pointing out that opening up trade with China has not made China more politically free. There was plenty of optimism in the 1990s that economic liberalization would loosen ...

The elections, which were set for August, were postponed at the end of March because of the coronavirus pandemic. The constitution “does not seem to have envisaged the possibility of such an emergency ...

Global warming could create substantial economic damage in agriculture, a new study finds. Around the globe, climate change threatens agricultural productivity, forcing up food prices. As the ...

Previous studies that have explored the effects of economic liberalization on civil war have employed aggregate measures of openness and have failed to account for potential endogeneity bias. In this ...