While democratization is regularly associated with elite renewal, established elites often succeed in maintaining their dominance after the fall of authoritarian regime that fostered them. This constitutes a relatively understudied challenge facing processes: when and how do democratic reforms fostering emergence new elites? paper addresses this question through study village head elections thr...

general public. Contrary to common perception, your typical academic economist does not believe that only money matters, and self-interest is not equivalent to selfishness. People are as likely to be altruistic as venal, and in day-to-day life, they are probably more likely to exhibit kindness than viciousness. Yet it is always wise to bear in mind that self-interest, even of the more enlighten...

The attraction of blue-chip listings in emerging stock markets is a major policy initiative common across much of the developing world. In many cases however, local blue-chip firms are the result of foreign Multinational Enterprise (MNE) firms engaging with local indigenous partners to form an international joint venture (IJV). These are unique with bilateral governance structures underscoring ...

After undergoing rapid socio-economic and political transformation, the Republic of Korea has arrived at the stage of development which Beck refers to as a risk society. Korea has experienced both sides of the risks which accompany modernity: the wealth associated with an advanced economy and also the hazards which are by-products of industrial society. However, the Korean case is distinctive, ...

This paper evaluates the importance of “property rights institutions”, which protect citizens against expropriation by the government and powerful elites, and “contracting institutions”, which enable private contracts between citizens. We exploit exogenous variation in both types of institutions driven by colonial history, and document strong firststage relationships between property rights ins...

This paper explores how language policy affects the socio-economic development of nation states through two channels: the individual’s exposure to and (in reference to an individual’s mother tongue) linguistic distance from the official language. In a cross-country framework the paper first establishes a robust and sizeable negative relationship between an official language that is distant from...

For more than half a century, realist scholars of international relations have maintained that their world view is inimical to the American public. For a variety of reasons—inchoate attitudes, national history, American exceptionalism—realists assert that the U.S. government pursues realist policies in spite and not because of public opinion. Indeed, most IR scholars share this “anti-realist as...