A landmark contribution to our understanding of economic development. This significant book argues that fundamental changes in deeply rooted institutions do not happen because of outsiders' money, advice, pressures, or even physical force; which explains why foreign aid has not, and can not,...

This comprehensive Research Review discusses seminal contributions by leading scholars on institutions and governance in developing countries. It analyses key theoretical perspectives on institutions and the empirical evidence of the role of institutions in economic development. Further, it...