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Both economic research and the history of foreign aid suggest that the largest barriers to development arise from a society's institutions - its norms and rules. This book explains how institutions drive economic development. It provides numerous examples to illustrate the complex, interlocking, and persistent nature of real world rules and norms.
Global Institutions and Development by Morten Boas,Desmond McNeill Pdf
Examines the concepts that have powerfully influenced development policy and more broadly looks at the role of ideas in international development institutions and how they have affected current development discourse.
Aid, Institutions and Development by Ashok Chakravarti Pdf
This accessible book is a powerful critique of the effectiveness of development aid. It skilfully combines a wealth of practical experience with a thorough examination of recent academic research. It will certainly challenge the defenders of aid to rethink their position for the twenty-first century. John Toye, Department of Economics, Oxford, UK This is an excellent book; interesting and extremely well written. It offers a masterly survey of existing work in the field and will have a wide appeal amongst policymakers and academic economists with an interest in development. A.P. Thirlwall University of Kent, Canterbury, UK This book makes a significant contribution by examining an important issue, namely, the effects of foreign aid on development. The author provides an insightful critical review of the relevant academic literature, and presents a careful evaluation of recent foreign aid initiatives and approaches. The reader is struck by the author s painstaking and wide-ranging research on the subject, interspersed with thoughtful comments based on his own experiences. Scholars and practitioners working on development will find much that is insightful, informative, provocative and stimulating. Amitava Krishna Dutt, University of Notre Dame, US In spite of massive flows over the past 50 years, aid has failed to have any significant impact on development. Marginalization from the world economy and increases in absolute poverty are causing countries to degenerate into failed, oppressive and, in some cases, dangerous states. To address this malaise, Ashok Chakravarti argues that there should be more recognition of the role economic and political governance can play in achieving positive and sustainable development outcomes. Using the latest empirical findings on aid and growth, this book reveals how good governance can be achieved by radically restructuring the international aid architecture. This can be realised if the governments of donor nations and international financial institutions refocus their aid programs away from the transfer of resources and so-called poverty reduction measures, and instead play a more forceful role in the developing world to achieve the necessary political and institutional reform. Only in this way can aid become an effective instrument of growth and poverty reduction in the 21st century. Aid, Institutions and Development presents a new, thoroughly critical and holistic perspective on this topical and problematic subject. Academics and researchers in development economics, policymakers, NGOs, aid managers and informed readers will all find much to challenge and engage them within this book.
The Handbook of Economic Development and Institutions by Jean-Marie Baland,François Bourguignon,Jean-Philippe Platteau,Thierry Verdier Pdf
The definitive reference on the most current economics of development and institutions The essential role that institutions play in understanding economic development has long been recognized across the social sciences, including in economics. Academic and policy interest in this subject has never been higher. The Handbook of Economic Development and Institutions is the first to bring together in one single volume the most cutting-edge work in this area by the best-known international economists. The volume’s editors, themselves leading scholars in the discipline, provide a comprehensive introduction, and the stellar contributors offer up-to-date analysis into institutional change and its interactions with the dynamics of economic development. This book focuses on three critical issues: the definitions of institutions in order to argue for a causal link to development, the complex interplay between formal and informal institutions, and the evolution and coevolution of institutions and their interactions with the political economy of development. Topics examined include the relationship between institutions and growth, educational systems, the role of the media, and the intersection between traditional systems of patronage and political institutions. Each chapter—covering the frontier research in its area and pointing to new areas of research—is the product of extensive workshopping on the part of the contributors. The definitive reference work on this topic, The Handbook of Economic Development and Institutions will be essential for academics, researchers, and professionals working in the field.
Institutions, Social Norms and Economic Development by Jean-Philippe Platteau Pdf
In order for economic specialization to develop, it is important that well-defined property rights are established and that suspicion and fear of fraud do not pervade transactions. Such conditions cannot be created ex abrubto, but must somehow evolve. What needs to develop is not only suitable practices and rules themselves, but also the public agencies and moral environment without which generalized trust is difficult to establish. The cultural endowment of societies as they have developed over their particular histories is bound to play a major role in this regard, and the matter of cultual endowment is one of the central themes of this book. On the other hand, division of labour does not only require well-enforced property rights and trust in economic dealings. It is also critically conditioned by the thickness of economic space, itself dependent on population density. This provides the second major theme of the volume: market development, including the development of private property rights is not possible, or will remain very incomplete, if populations are thinly spread over large areas of land. The book makes special reference to sub-Saharan Africa.
Macroeconomic Institutions and Development by Bilin Neyapti Pdf
'Bilin Neyapti provides a framework for understanding some of the most important issues confronting the world's economy today. Viewing the government as a social planner charged with the task of delivering sustainable development as a public good, she examines features of global markets such as central bank independence, inflation targeting, monetary unions, and currency boards, in each case evaluating the capacity of the relevant institutions to deliver efficiency, equality, and stability over the long term. Neyapti's broad-ranging and ambitious book should be of value to anyone interested in the development and improvement of the institutions undergirding the world's financial system.' Geoffrey P. Miller, New York University Law School, US 'Poor nations have learned the hard way that there is no greater threat to their economic development than macroeconomic crises. Avoiding macro instability in turn depends on good monetary and fiscal institutions. This book by Bilin Neyapti part textbook, part treatise is a terrific synthesis of the relevant literature and an excellent addition to it.' Dani Rodrik, Harvard University, US The fading explanatory power of earlier development theories in providing a satisfactory account of diverse developmental experiences has necessitated a new framework to understand economic development. Bilin Neyapti presents this new framework, known as New Development Economics (NDE), which combines new institutional economics with collective action theory to explain the dynamic interaction between institutions and economic development. Besides reviewing earlier development theories and the fundamental building blocks of NDE, the author uses the NDE framework to present theoretical underpinnings and panel evidence on the effectiveness of fiscal and monetary institutions. The book incorporates the essential elements of institutional theory and highlights the issues pertaining to the measurement of institutional characteristics and the empirical analyses involving such measurement. It provides the theoretical framework of and empirical evidence on fiscal institutions, covering budgetary rules and procedures as well as fiscal decentralization, and reviews the theoretical framework for monetary institutions such as central bank independence, currency boards, monetary unions and inflation targeting in addition to providing empirical evidence on their effectiveness. The role of bank regulation and supervision is also investigated. This path-breaking and original book will prove a fascinating read for a wide-ranging audience including academics, think tanks, international development agencies and policymakers within the fields of development, economics, heterodox economics and money, banking and finance.
Economic and Political Institutions and Development by Joshua C. Hall,Sara Harper Pdf
This book focuses on the role of economic and political institutions in economic development. The book offers fresh perspectives on the issues facing less-developed countries and the elements influencing their outcomes. The text includes chapters on democracy, property rights, and economic freedom, and uses diverse methodology such as case studies, spacial econometrics, and cross-country analysis. The volume features the work of prominent scholars in the area of institutional analysis such as Mohammed Akacem, Christopher Coyne, and Andrew Young as well as a number of junior scholars. This book will be useful for researchers and students interested in economic development and institutional analysis in general, in addition to individuals with a specific focus on countries or regions such as Iraq or sub-Saharan Africa.
Human Development and Global Institutions by Richard Ponzio,Arunabha Ghosh Pdf
This book provides a timely and accessible introduction to the foundational ideas associated with the human development school of thought. It examines its conceptual evolution during the post-colonial era, and discusses how various institutions of the UN system have tried to engage with this issue, both in terms of intellectual and technical advance, and operationally. Showing that human development has had a profound impact on shaping the policy agenda and programming priorities of global institutions, it argues that human development has helped to preserve the continued vitality of major multilateral development programs, funds, and agencies. It also details how human development faces new risks and threats, caused by political, economic, social, and environmental forces which are highlighted in a series of engaging case studies on trade, water, energy, the environment, democracy, human rights, and peacebuilding. The book also makes the case for why human development remains relevant in an increasingly globalized world, while asking whether global institutions will be able to sustain political and moral support from their member states and powerful non-state actors. It argues that fresh new perspectives on human development are now urgently needed to fill critical gaps across borders and entire regions. A positive, forward-looking agenda for the future of global governance would have to engage with new issues such as the Sustainable Development Goals, energy transitions, resource scarcity, and expansion of democratic governance within and between nations. Redefining the overall nature and specific characteristics of what constitutes human progress in an increasingly integrated and interdependent world, this book serves as a primer for scholars and graduate students of international relations and development. It is also relevant to scholars of economics, political science, history, sociology, and women’s studies.
Capitalism, Institutions, and Economic Development by Michael G. Heller Pdf
Based on a timely reassessment of the classic arguments of Weber, Schumpeter, Hayek, Popper, and Parsons, this book reconceptualizes actually-existing capitalism. It proposes capitalism as an impersonal procedural solution to the problems of spontaneously coordinating public institutions that enable durable market-based wealth generation and social order. Few countries have achieved this. A novel contribution of the book is that it identifies a practical sequence of economic and institutional shortcuts to real capitalism. The book challenges current orthodoxies about varieties of capitalism and relativist recipes for economic growth, and it criticizes culturalist and incrementalist viewpoints in institutional economics. It calls on the social sciences to help in constructing dynamic and prosperous open societies of the twenty-first century by reclaiming older ideas of ‘social economics’. Better and faster solutions will emphasize crisis-induced change, rational leadership, ideological persuasion, institutional engineering, rules-based market freedom, and the universalistic formal-procedural impersonality of optimal regulatory systems.
Culture, Institutions, and Development by Jean-Philippe Platteau,Robert Peccoud Pdf
Does culture matter? This question has taken on added significance since fundamentalist revivalism has recently gained ground in different parts of the world. The old controversy between Max Weber and Karl Marx, which centres around the extent to which cultural factors such as social norms and values affect economic growth is of critical importance, particularly because of its policy implications. Indeed, if culture is not an autonomous factor susceptible to influencing economic realities, it should not matter and public authorities can dispense with thinking about cultural interventions. On the other hand, if culture does have a real impact, the question arises as to whether it is conducive or detrimental to economic growth, political liberalization, and the emancipation of individuals among other things. Culture, Institutions, and Development addresses this debate at a concrete level by looking at five important issues: the role of tradition and its influence on development; the role of religion, with special reference to Middle Eastern countries; the role of family, kinship, and ethnic ties in the process of development; the relationship between culture and entrepreneurship; and the relationship between culture and poverty. This collection offers a nuanced view that neither denies nor exaggerates the role of cultural factors in explaining relative growth performances across countries. Instead, the contributors focus on the dynamic, two-way relationship between culture and development in a way that stresses policy stakes and the value of multidisciplinary collaboration between economists, historians and other social scientists. This book will be of interest to postgraduates and researchers in all the social sciences, as well as to professionals working in national development agencies, international organisations, and Non-Governmental Organisations.
Institutions, Institutional Change and Economic Performance by Douglass C. North Pdf
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, Transition Economies, And Economic Development by Tim Yeager Pdf
Why are some nations wealthy while others are desperately poor? Despite the rapid advancement of technology and the free flow of information provided by computers, many poor nations are falling further behind the wealthy nations of the world. Why is it that these poorer nations cannot catch up? Until recently, economic theory provided limited help in answering these questions. But the New Institutional Economics, a rapidly growing body of economic theory, may provide the answers. Timothy Yeager's Institutions, Transition Economies, and Economic Development clearly explains the New Institutional Economics, and applies its tenets to the transition economies of Poland and Russia. Readers will gain a perspective on transition and developing economies that has never been explored before in a single book.
Institutions and Economic Development by Christopher Clague Pdf
The premise of this text is that economic development and post-communist transitions can be illuminated by economic analysis of institutions. The policies selected and their implementation by government agencies, property rights and participation in community organizations are all analyzed.
Author : Dora L. Costa,Naomi R. Lamoreaux Publisher : University of Chicago Press Page : 400 pages File Size : 41,7 Mb Release : 2011-10 Category : Business & Economics ISBN : 9780226116341
Understanding Long-Run Economic Growth by Dora L. Costa,Naomi R. Lamoreaux Pdf
The conditions for sustainable growth and development are among the most debated topics in economics, and the consensus is that institutions matter greatly in explaining why some economies are more successful than others over time. This book explores the relationship between economic conditions, growth, and inequality.