Institutions

What would happen if a poor country were to be integrated with a richer neighbor? Our analysis of the reunification of South and North Korea shows convergence of income between countries but divergence within.

Commerce requires trust, but trust is difficult when one group consistently fears expropriation by another.

Property rights are important for economic exchange, but in many parts of the world, they are not publicly guaranteed.

This chapter focuses on how gendered institutions explain entrepreneurial choice in the informal economy in developing contexts contribute towards discussions on the contextual embeddedness of women's entrepreneurship.