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It is one that enables poor countries to experiment with institutional arrangements and leaves room for them to devise their own, possibly divergent, solutions to the developmental bottlenecks that they face.
I argue that the enlightened standard view encompasses an impossibly broad and unfocussed development agenda, and one that is too biased towards a particular set of institutional arrangements.
I emphasize that the trade regime has to accept institutional diversity, rather than seek to eliminate it, and that correspondingly it must accept the right of countries to "protect" their institutional arrangements.
It is one that enables poor countries to experiment with institutional arrangements and leaves room for them to devise their own, possibly divergent solutions to the developmental bottlenecks that they face.
And even within Europe, there are large differences between the institutional arrangements in, say, Sweden and Germany.
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