A Tale of Two Cities: The Political Economy of Local Investment Climates in Indonesia
通过比较印尼梭罗和万鸦老两城，发现基于关系的政企合作能有效促进投资，挑战了规则型治理是投资前提的传统观点。
ABSTRACT There 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 effective mechanism to boost investment and improve local investment climates. Our findings challenge the conventional wisdom that impartial rule-based economic governance is a precondition for investment, although it suggests that the creation of such institutions may make growth more sustainable and equitable in the medium and long term.