Economic, social, political, and cultural institutions, and institutional change reflect shared journeys of humanity throughout history. This edited volume explores dynamics, trends, and implications of institutional change in emerging markets, by focusing on theories, concepts, and mechanisms of institutional development. Presenting research by eminent scholars and experts engaged in education and research, they address and discuss the most recent issues in the field, reveals new insights into the dynamics of institutional change for researchers interested in development of new theories and comparative studies, especially in the era of emerging markets.

Topics range from dynamics of institutional change and development within the Group of Twenty (G20), and the European Union with an assessment of Brexit impact, to institutional quality measurement, public administration reforms, as well as emergent topics such as the effects of energy and globalization. It provides new international business theories, and sheds light on the way to global peace by producing a better understanding of the dynamics of historical change.

The book is intended for a wide range of global audience, and should serve as a useful reference in education and research, offering innovative and productive discussions, as well as satisfy scholarly and intellectual interests, regarding institutional development and a broad spectrum of its interactions with functioning of markets and economies.

Nezameddin Faghih is the UNESCO Chair Professor Emeritus, and the Founding Editor-in-Chief of the Journal of Global Entrepreneurship Research (Springer). He has published more than 70 books, 100 research articles, and presented more than 120 invited talks in academia, industry, and professional meetings.

 Ali H. Samadi is Associate Professor, Department of Economics, Shiraz University (Iran). He has a PhD in economics of the public sector and his specialty is in institutional economics and econometrics. He is Editor-in-Chief of the Iranian Journal of Economic Studies (IJES). 

1. Introduction.- 2.  Dynamics of Institutional Change within the Group of Twenty (G20) and the European Union, and an Assessment of Brexit Impact: A Taxonomic Study.- 3.  Overview of Institutional Change Contexts and Dynamics.- 4. Institutions and Institutional Change: Concepts and Theories.- 5. Understanding Institutions and Revisiting the Theories of Institutional Change.- 6.  Measuring Institutional Quality: A Review.- 7.  Institutional Change: Evidence from Some Emerging Economies.- 8. Social Media: Harbinger of Institutional Change and its Impact on Branding.- 9. Does Globalization Have a Similar Effect on Governance for All Countries in the World?.- 10. Public Administration Reforms in the Emerging Markets Era.- 11. Exploring the Emergence of Industrial Revolution 4.0: A journey to Higher Education 4.0.- 12.  De Jure and De Facto Power of Oil and Institutional Change in Modern Iran: A Critical HistoricismAnalysis (1900-1979).- 13. Examining Institutional Barriers to Transition from a Natural State in Iran During 1941-1979.- 14. Does Energy Security Affect Institutional Quality? Empirical Evidence from Emerging Economies.