A Tale of Two Cities: The Political Economy of Local Investment Climates in Indonesia
ABSTRACTThere is little doubt that protecting property rights, reducing corruption, and improving public services are desirable long-term objectives for all countries. But are such institutional prescriptions sufficient, or even necessary, to achieve investment and growth? By exploring the political economy of the cities of Solo and Manado in Indonesia, this article shows that relationship-based, rather than rule-based, cooperation between government leaders and local firms can provide an...[Show more]
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|Source:||Journal of Development Studies|
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