The idea of path dependence is one popularized by the renowned Nobel Laureate Douglas North. The basic idea can be summarized as the following: "Actions in the present are constrained by actions in ...

This is a preview. Log in through your library . Abstract Studies on societal path dependencies tend to focus on mechanisms that anchor and stabilize national trajectories while paying less attention ...

For decades, the global economy has promised convergence. The message has been straightforward: open your markets, liberalise your trade, attract investment, and prosperity will follow. Yet many ...