Informal institutions, social capital and economic transition: reflections on a neglected dimension

Thanks are due to Andrea Cornia for extensive comments on the first draft and to John Harris of the LSE for introducing me to the literature on social capital. Useful comments on the present draft were also received from Thomas Nowotny and Christof Ruehl, and are gratefully acknowledged. Neither the EBRD nor the Kiel Institute of World Economics are in any way implicated by the views expressed in this paper, which are entirely my own.