What Drove Changes in Political Settlements in Iran and Turkey?
This work explores how the LOA model of North, Weingast, and Wallis can be used to understand the political economy evolution of Iran over the past two decades. On the basis of the analysis, views are developed on the nature of the emerging political settlements in the Arab world and recommendations are derived for the Arab revolutions.
Hadi Salehi Esfahani
Director of CSAMES and Professor of Economics and Business Administration, University of Illinois, Urbana-Champaign
