Institutions, Institutional Change And Economic Performance In Emerging Markets

by Lakshmi Iyer

Overview

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?

Product Details

ISBN-13:	9789814719759
Publisher:	World Scientific Publishing Company, Incorporated
Publication date:	05/20/2016
Pages:	512
Product dimensions:	6.20(w) x 9.10(h) x 1.20(d)

Table of Contents

About the Author v

I Introduction 1

Chapter 1 Institutions, Institutional Change and Economic Performance in Emerging Markets 3

II Property Rights and Government Policy 51

Chapter 2 Special Economic Zones in India: Public Purpose and Private Property (A) 53

Chapter 3 Tata Motors in Singur: Public Purpose and Private Property (B) 89

Chapter 4 Land Acquisition in India: Public Purpose and Private Property (C) 95

Chapter 5 Urbanizing China 109

III Property Rights and Business Opportunities 143

Chapter 6 Dharavi: Developing Asia's Largest Slum (A) 145

Chapter 7 Dharavi: Developing Asia's Largest Slum (B) 181

Chapter 8 Hollywood in India: Protecting Intellectual Property (A) 191

Chapter 9 Hollywood in India: Protecting Intellectual Property (B) 215

IV Creating Institutions in Emerging Markets 221

Chapter 10 Punjab and Kerala: Regional Development in India 223

Chapter 11 Indonesia's OJK: Building Financial Stability 267

V Global Institutions and Globalization 311

Chapter 12 The World Bank in 2012: Choosing a Leader 313

Chapter 13 To Trade or Not to Trade: NAFTA and the Prospects for Free Trade in the Americas 353

VI Country Strategies in a Global Era 401

Chapter 14 India: The Challenges of Governance 403

Chapter 15 Indonesia: Growth and Stability in a Global Economy 447

Index 495