Peterson Institute Working Paper WP 11 – 13 Stephan Haggard, Jennifer Lee, and Marcus Noland Read the full paper here (PDF). Theory tells us that weak rule of law and institutions deter cross-border integration, deter investment relative to trade, and inhibit trade finance. Drawing on a survey of more than 300 Chinese enterprises that are doing or … Continue reading Integration in the Absence of Institutions: China-North Korea Cross-Border Exchange