Institutional Change And Economic Development
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Institutional Change And Economic Development
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Author : Ha-Joon Chang
language : en
Publisher: Anthem Press
Release Date : 2007-11-15
Institutional Change And Economic Development written by Ha-Joon Chang and has been published by Anthem Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-11-15 with Business & Economics categories.
‘Institutional Change and Economic Development’ discusses not just theoretical issues but a diverse range of real-life institutions – political, bureaucratic, fiscal, financial, corporate, legal, social and industrial – in the context of dozens of countries across time and space, spanning Britain, Switzerland and the USA in the past to Botswana, Brazil, and China today.
Institutions And Economic Development
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Author : Bryan Cheang
language : en
Publisher: Springer Nature
Release Date : 2023-04-29
Institutions And Economic Development written by Bryan Cheang and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-04-29 with Business & Economics categories.
This book is a survey of the field of development studies from a political economy perspective. It first reviews the academic literature on development and highlights the fundamental importance of institutions and social values, over and above other alternative theories, as determinants in long-run development. In this context, the book draws from the works of Nobel Laureates Douglass North, F.A. Hayek and Elinor Ostrom, and argues that the ingredients of property rights, the rule of law, and market freedoms are essential in generating socio-economic progress. Successful reforms however are not simply a function of constructing formal institutions, but must cohere with the social values, norms, and cultural commitments of local communities. It is in this spirit that the book theorises on the oft-neglected role that political entrepreneurs play in driving endogenous institutional change. Specifically, this book integrates the theoretical discussion on market-driven development with a range of case studies from around the world, featuring the bottom-up efforts of local change agents to pursue institutional reforms and changes in social opinion.
Institutions Institutional Change And Economic Performance
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Author : Douglass C. North
language : en
Publisher: Cambridge University Press
Release Date : 1990-10-26
Institutions Institutional Change And Economic Performance written by Douglass C. North and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1990-10-26 with Business & Economics categories.
An analytical framework for explaining the ways in which institutions and institutional change affect the performance of economies is developed in this analysis of economic structures.
Institutions Institutional Change And Economic Performance
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Author : Douglass C. North
language : en
Publisher: Cambridge University Press
Release Date : 1990-10-26
Institutions Institutional Change And Economic Performance written by Douglass C. North and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1990-10-26 with Political Science categories.
Continuing his groundbreaking analysis of economic structures, Douglass North develops an analytical framework for explaining the ways in which institutions and institutional change affect the performance of economies, both at a given time and over time. Institutions exist, he argues, due to the uncertainties involved in human interaction; they are the constraints devised to structure that interaction. Yet, institutions vary widely in their consequences for economic performance; some economies develop institutions that produce growth and development, while others develop institutions that produce stagnation. North first explores the nature of institutions and explains the role of transaction and production costs in their development. The second part of the book deals with institutional change. Institutions create the incentive structure in an economy, and organisations will be created to take advantage of the opportunities provided within a given institutional framework. North argues that the kinds of skills and knowledge fostered by the structure of an economy will shape the direction of change and gradually alter the institutional framework. He then explains how institutional development may lead to a path-dependent pattern of development. In the final part of the book, North explains the implications of this analysis for economic theory and economic history. He indicates how institutional analysis must be incorporated into neo-classical theory and explores the potential for the construction of a dynamic theory of long-term economic change. Douglass C. North is Director of the Center of Political Economy and Professor of Economics and History at Washington University in St. Louis. He is a past president of the Economic History Association and Western Economics Association and a Fellow, American Academy of Arts and Sciences. He has written over sixty articles for a variety of journals and is the author of The Rise of the Western World: A New Economic History (CUP, 1973, with R.P. Thomas) and Structure and Change in Economic History (Norton, 1981). Professor North is included in Great Economists Since Keynes edited by M. Blaug (CUP, 1988 paperback ed.)
Institutions Institutional Change And Economic Performance
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Author : Douglass Cecil North
language : en
Publisher:
Release Date : 1990
Institutions Institutional Change And Economic Performance written by Douglass Cecil North and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1990 with Economic development categories.
"Continuing his groundbreaking analysis of economic structures, Douglass North develops an analytical framework for explaining the ways in which institutions and institutional change affect the performance of economies, both at a given time and over time. Institutions exist, he argues, due to the uncertainties involved in human interaction; they are the constraints devised to structure that interaction. Yet, institutions vary widely in their consequences for economic performance; some economies develop institutions that produce growth and development, while others develop institutions that produce stagnation. North first explores the nature of institutions and explains the role of transaction and production costs in their development. The second part of the book deals with institutional change. Institutions create the incentive structure in an economy, and organisations will be created to take advantage of the opportunities provided within a given institutional framework. North argues that the kinds of skills and knowledge fostered by the structure of an economy will shape the direction of change and gradually alter the institutional framework. He then explains how institutional development may lead to a path-dependent pattern of development. In the final part of the book, North explains the implications of this analysis for economic theory and economic history. He indicates how institutional analysis must be incorporated into neo-classical theory and explores the potential for the construction of a dynamic theory of long-term economic change"--Provided by publisher.
Institutional Change And American Economic Growth
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Author : L. E. Davis
language : en
Publisher: CUP Archive
Release Date : 1971-09-24
Institutional Change And American Economic Growth written by L. E. Davis and has been published by CUP Archive this book supported file pdf, txt, epub, kindle and other format this book has been release on 1971-09-24 with Business & Economics categories.
This book presents a model for examining problems of institutional change and applies it to American economic development in the nineteenth and twentieth centuries. The authors develop their model of institutional change. They argue that if external economic factors make an increase in income possible but not attainable within the existing institutional structure, new organizations must be developed to achieve the potential in income. Their model is designed to explain the type and timing of these necessary changes in institutional organization. Individual, voluntary cooperative, and governmental arrangements are included in the discussion, although the latter differs considerably from the first two.
Institutions Institutional Change And Economic Performance In Emerging Markets
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Author : Lakshmi Iyer
language : en
Publisher: World Scientific Publishing Company
Release Date : 2016
Institutions Institutional Change And Economic Performance In Emerging Markets written by Lakshmi Iyer and has been published by World Scientific Publishing Company this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with Developing countries categories.
Emerging markets play an increasingly important role in the global economy, accounting for 31% of global GDP and more than 50% of global foreign direct investment in 2012. However, doing business in emerging markets remains subject to a high degree of 'policy risk, ' namely the risk that a government will discriminatorily change the laws, regulations, or contracts governing an investment -- or will fail to enforce them -- in a way that reduces an investor's financial returns.Institutions, Institutional Change and Economic Performance in Emerging Markets brings together a series of Harvard Business School case studies on emerging markets. This book is an invaluable resource for researchers in the fields of economics business to understand the role of specific economic and political institutions in shaping the business environment and economic growth in emerging markets. It gives answers to the following questions: When will governments define and enforce property rights? When will the division of policy authority across different government agents (e.g. federal and subnational governments, or politicians and bureaucrats) enable better policy decisions? And what are the consequences of globalization for the economic growth and stability of emerging market countries?
Social Innovations Institutional Change And Economic Performance
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Author : Timo J. Hämäläinen
language : en
Publisher: Edward Elgar Publishing
Release Date : 2007-01-01
Social Innovations Institutional Change And Economic Performance written by Timo J. Hämäläinen and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-01-01 with Business & Economics categories.
À much needed examination of a neglected issue - how societies, regions and institutions adjust to our rapidly changing economic world.'. - W. Brian Arthur, Santa Fe Institute, New Mexico. T̀his is a marvellously rich work of synthesis, bringing together a very wide range of theoretical perspectives to make sense of contemporary patterns of economic and social change. Its range of reference is remarkable - and it is further proof that much of the most interesting theoretical and empirical work today is being done on the boundaries of disciplines.'. - Geoff Mulgan, Director, The Young Foundati.
Governance And Economic Development
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Author : Joachim Ahrens
language : en
Publisher: Edward Elgar Publishing
Release Date : 2002-01-01
Governance And Economic Development written by Joachim Ahrens and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-01-01 with Business & Economics categories.
'. . . this volume is an excellent resource for those interested in the analysis of institutions' design and economic development. . .' - Oscar Alfranca, Progress in Development Studies The main theme of this study is the political economy of policy reform in less developed countries and post-socialist countries. Given the complexity of economic development and transition, Joachim Ahrens views failures in policy reform, poor public sector management, rent-seeking, corruption, and over-centralization as systematic, though not exclusive, instances of institutional failure.
Stories Of Progressive Institutional Change
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Author : Deborah M. Figart
language : en
Publisher: Springer
Release Date : 2017-06-25
Stories Of Progressive Institutional Change written by Deborah M. Figart and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-06-25 with Business & Economics categories.
This Palgrave Pivot presents a series of political economy short stories of collective agency, weaving together the history of a progressive change with a discussion of the role of institutions to effect change. These stories highlight sustained activism around valuing caring, ending discrimination, protecting the environment, improving worker well-being, and reimagining ways to encourage local economic development by restoring public-private social balance. Ultimately, these stories demonstrate that challenges to the neoliberal economy are possible. Neoliberalism can be viewed as a value structure that is undermining sustainable human development by elevating the level of risk experienced in daily economic life. Its hallmarks are globalization, market liberalization, deregulation, financialization, cutbacks in social provisioning through the public sector, and restructuring of labor markets in ways that increase instability. Social movements have responded, agitating for change. The stories here provide examples of how social actors engage in collective behavior to advance the objectives of economic justice, democratic participation in economic life, and human development.