Author: Nicolás Perrone and Leonardo Stanley

Nicolás M. Perrone & Leonardo E. Stanley The 1990s witnessed a surge in economic and legal reforms that prioritised markets over government in allocating economic resources, installing a new institutional ruling. For neoliberals, open economies and free markets forces would bring laggards towards convergence. Rational agents' investment decisions might place countries into a stable, long-run growth path. In the field of...