Comment on “Cambodia: Rapid Growth with Weak Institutions”
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چکیده
منابع مشابه
N-S Trade with Weak Institutions∗†
States with weak institutions can lose from trade with strong states when trade is subject to predation. The happy liberal idea of trade fostering better institutions and peace can be turned on its head. The Ricardian model of trade subject to predation offered here implies imperialism without capital, contra Marxists. Weak and poor South trades with strong and rich North. Poor South labor is a...
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A main development in growth economics in the recent years, has been to point at the fundamental role of institutions in the growth process, although few studies have led so far to precise policy recommendations beyond the general claims about the importance of property right enforcement. This is largely due to the difficulty in de&ning the term institutions. North and Thomas (1973) developed t...
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In their recent Letter[1], Puentes et al. have provided a scheme for extracting the real and imaginary parts of higher-order weak value by using orbital angular momentum(OAM) states as pointer states, based on two interaction Hamiltonians and multiple joint pointer displacements. They claim that such weak values are inaccessible with Gaussian pointer state only, due to its particular symmetry p...
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Institutions have been shown to be important for trade and growth. In particular, weak institutions may reduce the returns to product quality, harming domestic welfare and making it attractive to export to countries with strong institutions where quality is better rewarded. We model this alternative story as to why the “good apples are shipped out” and explore whether exporting ameliorates the ...
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T en years ago the literature on the relation between finance and growth was set on its modern course by the publication of King and Levine’s (1993) influential paper. Much of the following work in this area was done by Ross Levine and his coauthors. Thus, none better than Levine himself could summarize the progress over the past decade, in the struggle to move from a correlation between financ...
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ژورنال
عنوان ژورنال: Asian Economic Policy Review
سال: 2013
ISSN: 1832-8105
DOI: 10.1111/aepr.12005