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In drawing on recent advances in international and comparative political economy, this paper argues that diverging paths of institutional development among emerging market democracies are driven by the Transnational Integration Regimes (TIRs), in which a country is embedded. TIRs are more than trade agreements, aid projects, or harmonization systems and should be viewed as development programs. To date, research on the role of international factors shaping local institutional development hasdoi:10.2139/ssrn.1313324 fatcat:chxjwve4gfgdlmuxutyhloufxq