The author reviews how three pillars of political economy collective action, institutions, and political market imperfections help us answer the question: Why do some countries develop and others do not? The study of political market imperfections strongly suggests that the lack of credibility of pre-electoral political promises and incomplete voter information are especially robust in explaining development outcomes.
Geography
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http://arjournals.annualreviews.org/doi/pdf/10.1146/annurev.polisci.7.012003.104846
http://arjournals.annualreviews.org/doi/pdf/10.1146/annurev.polisci.7.012003.104846