François Bourguignon is Emeritus Professor of economics, Paris School of Economics, and School of Advanced Studies in Social Sciences (EHESS), Paris. He is Former Chief Economist and Senior Vice President of the World Bank and the Co-founder of the European Development Network. His awards include Dan David Prize and CNRS silver medal. Jean-Philippe Platteau is Emeritus Professor of economics, University of Namur, Belgium. At this university, he has been a long-time director of the Centre for Research in the Economics of Development (CRED) which he founded. He held two Franqui chairs at the Free University of Brussels and the Katholieke University of Leuven. He is also the Co-founder of the European Development Network (EUDN).

• Part I. Approaching Institutional Change: theory and Methodology: 1. Theoretical Underpinnings; 2. Tools for an Institutional Diagnostic; Part II. Lessons from Country Case Studies: 3. Uncertain Development Trajectories in Bangladesh and Tanzania; 4. Distorted Development in Benin and Mozambique; 5. Directed Development with Big Conglomerates: South Korea; 6. Directed Development with Heterogeneous Firms: Taiwan; Part III. Institutional Obstacles to Structural Transformation: 7. The Challenge of Modernising the Economic Structure; 8. Behind the Veil of Institutions Where Politics Matters; 9. State Capacity and Property Rights; 10. Conclusion.

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François Bourguignon is Emeritus Professor of economics, Paris School of Economics, and School of Advanced Studies in Social Sciences (EHESS), Paris. He is Former Chief Economist and Senior Vice President of the World Bank and the Co-founder of the European Development Network. His awards include Dan David Prize and CNRS silver medal. Jean-Philippe Platteau is Emeritus Professor of economics, University of Namur, Belgium. At this university, he has been a long-time director of the Centre for Research in the Economics of Development (CRED) which he founded. He held two Franqui chairs at the Free University of Brussels and the Katholieke University of Leuven. He is also the Co-founder of the European Development Network (EUDN).

• Part I. Approaching Institutional Change: theory and Methodology: 1. Theoretical Underpinnings; 2. Tools for an Institutional Diagnostic; Part II. Lessons from Country Case Studies: 3. Uncertain Development Trajectories in Bangladesh and Tanzania; 4. Distorted Development in Benin and Mozambique; 5. Directed Development with Big Conglomerates: South Korea; 6. Directed Development with Heterogeneous Firms: Taiwan; Part III. Institutional Obstacles to Structural Transformation: 7. The Challenge of Modernising the Economic Structure; 8. Behind the Veil of Institutions Where Politics Matters; 9. State Capacity and Property Rights; 10. Conclusion.

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François Bourguignon is Emeritus Professor of economics, Paris School of Economics, and School of Advanced Studies in Social Sciences (EHESS), Paris. He is Former Chief Economist and Senior Vice President of the World Bank and the Co-founder of the European Development Network. His awards include Dan David Prize and CNRS silver medal. Jean-Philippe Platteau is Emeritus Professor of economics, University of Namur, Belgium. At this university, he has been a long-time director of the Centre for Research in the Economics of Development (CRED) which he founded. He held two Franqui chairs at the Free University of Brussels and the Katholieke University of Leuven. He is also the Co-founder of the European Development Network (EUDN).

• Part I. Approaching Institutional Change: theory and Methodology: 1. Theoretical Underpinnings; 2. Tools for an Institutional Diagnostic; Part II. Lessons from Country Case Studies: 3. Uncertain Development Trajectories in Bangladesh and Tanzania; 4. Distorted Development in Benin and Mozambique; 5. Directed Development with Big Conglomerates: South Korea; 6. Directed Development with Heterogeneous Firms: Taiwan; Part III. Institutional Obstacles to Structural Transformation: 7. The Challenge of Modernising the Economic Structure; 8. Behind the Veil of Institutions Where Politics Matters; 9. State Capacity and Property Rights; 10. Conclusion.

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