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Library | Item Barcode | Call Number | Material Type | Item Category 1 | Status |
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Searching... | 33000000002389 | HC412 I94 2016 | Open Access Book | Book | Searching... |
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Summary
Summary
Emerging markets play an increasingly important role in the global economy, accounting for 31% of global GDP and more than 50% of global foreign direct investment in 2012. However, doing business in emerging markets remains subject to a high degree of 'policy risk, ' namely the risk that a government will discriminatorily change the laws, regulations, or contracts governing an investment -- or will fail to enforce them -- in a way that reduces an investor's financial returns.Institutions, Institutional Change and Economic Performance in Emerging Markets brings together a series of Harvard Business School case studies on emerging markets. This book is an invaluable resource for researchers in the fields of economics business to understand the role of specific economic and political institutions in shaping the business environment and economic growth in emerging markets. It gives answers to the following questions: When will governments define and enforce property rights? When will the division of policy authority across different government agents (e.g. federal and subnational governments, or politicians and bureaucrats) enable better policy decisions? And what are the consequences of globalization for the economic growth and stability of emerging market countries?
Author Notes
Lakshmt Iyer is an economist in the Business, Government and the International Economy Unit at Harvard Business School. Her primary research fields are political economy and development economics, with a special emphasis on property rights and the distribution of political power within societies. She has studied historical and current property rights institutions in several emerging markets including India, Vietnam, China and the Philippines. Her research has also examined many dimensions of the distribution of political power in developing countries, including the legacy of colonial rule, the division of authority between politicians and bureaucrats, the determinants of conflict and the consequences of women's political representation. For more than a decade, she has taught courses on macroeconomics, public policy and globalization to MBA students and executives at Harvard Business School. She holds a Ph.D. in Economics from the Massachusetts institute of Technology, and Bachelors and Masters degrees from the Indian Statistical Institute.
Table of Contents
About the Author | p. v |
I Introduction | p. 1 |
Chapter 1 Institutions, Institutional Change and Economic Performance in Emerging Markets | p. 3 |
II Property Rights and Government Policy | p. 51 |
Chapter 2 Special Economic Zones in India: Public Purpose and Private Property (A) | p. 53 |
Chapter 3 Tata Motors in Singur: Public Purpose and Private Property (B) | p. 89 |
Chapter 4 Land Acquisition in India: Public Purpose and Private Property (C) | p. 95 |
Chapter 5 Urbanizing China | p. 109 |
III Property Rights and Business Opportunities | p. 143 |
Chapter 6 Dharavi: Developing Asia's Largest Slum (A) | p. 145 |
Chapter 7 Dharavi: Developing Asia's Largest Slum (B) | p. 181 |
Chapter 8 Hollywood in India: Protecting Intellectual Property (A) | p. 191 |
Chapter 9 Hollywood in India: Protecting Intellectual Property (B) | p. 215 |
IV Creating Institutions in Emerging Markets | p. 221 |
Chapter 10 Punjab and Kerala: Regional Development in India | p. 223 |
Chapter 11 Indonesia's OJK: Building Financial Stability | p. 267 |
V Global Institutions and Globalization | p. 311 |
Chapter 12 The World Bank in 2012: Choosing a Leader | p. 313 |
Chapter 13 To Trade or Not to Trade: NAFTA and the Prospects for Free Trade in the Americas | p. 353 |
VI Country Strategies in a Global Era | p. 401 |
Chapter 14 India: The Challenges of Governance | p. 403 |
Chapter 15 Indonesia: Growth and Stability in a Global Economy | p. 447 |
Index | p. 495 |