National integration and institution building

China's Institution Building Leading the Way to Asian Integration

China’s rise has been largely an economic phenomenon in the past twenty years. However, in the two years following the new leadership of President Xi Jinping, we have seen a series of major strategy adjustments in China’s foreign policy as China takes a more proactive role in international relations. This is particularly clear in the recent major initiatives and institution-building actions tha...

Institution Building and Fdi

Subsidiary integration as identity construction and institution building: a political sensemaking approach

This paper develops a political sensemaking approach to the post-acquisition integration process, which directs attention to how powerful social actors construct the relationship between multinational corporations (MNCs) and their multiple local contexts. This political, processual and actor-centred perspective explores subsidiary integration as identity construction and institution building. T...

Building Specifications in an Arbitrary Institution

A set of operat ions for construct ing a lgebra ic specif icat ions in an arbi t rary logical system is presented. This builds on the f ramework provided by Goguen and Burstal l 's work on the not ion of an inst i tut ion as a formal isat ion of the concept of a logical system for wri t ing specif icat ions. We show how to introduce free variables into the sentences of an arbi t rary institutio...

Post-socialist Bank Crises and the Problems of Institution-building

Bank crises are usually the result of dramatic swings in the value of assets held by the banking system. When asset values fall relative to liabilities, banks net worth is eroded, resulting in crisis. Minsky (1977) argues that such asset devaluations are a normal feature of the business cycle in market economies. As confidence builds during the business cycle, more and more agents engage in spe...