Institutional Adjustment For Economic Growth
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| Author | : Per Ronnas |
| Publisher | : Routledge |
| Total Pages | : 427 |
| Release | : 2019-05-23 |
| Genre | : Business & Economics |
| ISBN | : 0429806426 |
First published in 1998, this volume focuses on the special category of countries popularly referred to as ‘transition economies’ through an analysis of small and medium sized enterprises (SMEs) and their role in Asian economies, with a view to assessing whether they could or should provide a model for African countries. The present volume explores the institutional peculiarities displayed by ‘transition economies’. These are economies which are undergoing a comprehensive and fundamental societal transformation with a view to creating a utopian communist society within the frame of a centrally administered economy, then a pluralistic society based on a market economy and the rule of law. Much of the debate on the economic performance of African LCD's has focused on informal sector activities or on the imperative to achieve structural adjustment. By highlighting instead the challenges facing two of the least successful among the African economies - Ethiopia and Tanzania, both of which share a socialist past - this book moves beyond the above issues. It argues that institutional adjustment is critical to the prospects for success in developing transition economies. As such the book investigates the transaction costs environment within which small-scale industrial activities are set. By drawing extensively on the Asian experience, (predominantly China and Vietnam but also India and Taiwan), it identifies sources of transaction costs by examining not only the transactional disadvantages of small-scale production, but also the past and present sources of institutional inefficiency.
| Author | : Mauro L. Baranzini |
| Publisher | : Cambridge University Press |
| Total Pages | : 521 |
| Release | : 2015-04-30 |
| Genre | : Business & Economics |
| ISBN | : 1107079098 |
New approach to the economic theory of resources, showing the positive role that scarcities can play in triggering economic growth.
| Author | : Carey C. Thompson |
| Publisher | : University of Texas Press |
| Total Pages | : 195 |
| Release | : 2014-11-06 |
| Genre | : Business & Economics |
| ISBN | : 1477305181 |
This collection of essays presents a stimulating and challenging examination of the nature of institutional adjustment, its history and its future, its problems and its purposes. The focus is on the pioneer work done by the late Clarence Ayres, of the University of Texas, in the study of the processes of change and growth and the nature of modern industrialized economies. The opening essay, a provocative discussion of “The Theory of Institutional Adjustment,” is Ayres’s contribution. The succeeding essays examine several aspects of institutional adjustment: Kenneth H. Parsons discusses “The Institutional Basis of a Progressive Approach to Economic Development.” Wendell Gordon considers “Orthodox Economics and Institutionalized Behavior.” Gunnar Myrdal brings the breadth of his knowledge of many different economies and the institutional contexts within which they operate to a study of the “Adjustment of Economic Institutions in Contemporary America.” Forest Hill provides a historical survey of the process of growth and change in his essay “The Government and Institutional Adjustment: The American Experience.” Wolfgang Friedmann discusses some legal aspects of the subject in “Creative Legal Interpretation and the Process of Institutional Adjustment.” Rounding out this collection of essays, Morris A. Copeland and Gardiner C. Means offer proposals for guiding adjustment and change in specific areas: “Implementing the Objective of Full Employment in Our Free Enterprise System” and “Monetary Institutions to Serve the Modern Economy.” These essays were originally read at a conference sponsored by the Department of Economics of the University of Texas at Austin in April and May of 1965.
| Author | : Timo J. Hämäläinen |
| Publisher | : Edward Elgar Publishing |
| Total Pages | : 410 |
| Release | : 2003 |
| Genre | : Business & Economics |
| ISBN | : |
The current paradigm shift in the world economy is challenging the traditional competitiveness and growth theories with their few explanatory variables. This book offers a more holistic framework to synthesise the key findings of the various branches of competitiveness and growth research. The author illustrates this framework with a new long wave theory of socio-economic development. This theory emphasises the competitiveness and growth benefits of rapid structural adjustment in the rapidly changing techno-economic environment. Based on thorough analysis the author argues that both markets and governments have become less efficient due to the current transformation of the world economy. His empirical data from 22 OECD countries in the 1980s and 1990s illustrates that efficiency and growth-oriented governments have significantly contributed to their countries' economic success. National Competitiveness and Economic Growth will furnish its readers with a better understanding of the interdependencies of many important but seemingly unrelated aspects of modern economies and societies, for example the dynamics of business and technology, and cultural and institutional change. It will appeal to economists, business professionals and policymakers with a special interest in the competitiveness and growth of firms and national economies as well as the long-term development of socio-economic systems.
| Author | : Silvio Borner |
| Publisher | : OECD Publishing |
| Total Pages | : 120 |
| Release | : 2004 |
| Genre | : Business & Economics |
| ISBN | : |
This publication discusses the impact of institutions on economic development and the determinants that shape institutional quality, using a new institutional economics (NIE) model based on a multidisciplinary approach to understanding issues including growth, efficiency and income distribution. Using the experience of Argentina under the Menem government as a case study, a methodology is developed and applied to test theoretical hypotheses regarding the concept of institutional quality and how delineation between economic and political institutions work in practice. It also considers systems of democracy and autocracy, and the impact of traditional, legal and cultural frameworks on institutional efficiency.
| Author | : Silvio Borner |
| Publisher | : Springer |
| Total Pages | : 403 |
| Release | : 1998-04-12 |
| Genre | : Political Science |
| ISBN | : 1349262846 |
The state and its institutions are crucial for economic development: for better and for worse. This insight informs this important, up-to-date and authoritative survey of new trends in growth economics and the widely divergent economic performance of developing countries - for example, between Latin America and South-east Asia - which seemed to be similarly placed just a generation ago. The decisive role of the political dimension in economic growth seems clear but there are many challenges to be met in getting an analytical handle on the precise determinants and in testing empirically for this. This is the challenge taken up by the international team of contributors.
| Author | : R. Maria Saleth |
| Publisher | : World Bank Publications |
| Total Pages | : 418 |
| Release | : 2004-01-01 |
| Genre | : Nature |
| ISBN | : 9780821356562 |
This publication examines issues of water sector reform and performance from the perspectives of institutional economics and political economic studies. The authors develop an alternative quantitative assessment methodology based on the principle of 'institutional ecology', as well as data collected from 127 water experts from 43 countries and regions around the world using a cross-country review of recent water sector reforms within an institutional transaction cost framework.
| Author | : Theo S. Eicher |
| Publisher | : MIT Press |
| Total Pages | : 309 |
| Release | : 2006 |
| Genre | : Business & Economics |
| ISBN | : 0262050811 |
Discussing how and why institutions influence growth, this volume provides an overview of the literature on the impact of institutions on growth. It considers theoretical and empirical relationships between institutions and growth.
| Author | : Stephan Haggard |
| Publisher | : Princeton University Press |
| Total Pages | : 380 |
| Release | : 1992 |
| Genre | : Business & Economics |
| ISBN | : 9780691003948 |
This is a collection of essays offering comparative analysis of the divergent experiences of developing countries responding to economic crises by adopting macroeconomic stabilization and structural adjustment policies.
| Author | : Thanh Tri Vo |
| Publisher | : Routledge |
| Total Pages | : 345 |
| Release | : 2010-11-16 |
| Genre | : Political Science |
| ISBN | : 113683916X |
Are international and Asian regional institutions serving the development goals of Asian and Pacific Economies as well they should? The global economy, led by the Asia Pacific region, has undergone immense change and growth. Have the existing institutions and arrangements been able to keep pace with those changes in the global economy? International Institutions and Asian Development tackles these questions and is an essential book for the assessment of regional and international institutions, as well as policy prescriptions for reforming them to ensure they deliver on sustainable, peaceful growth and development in the region. Drawing from papers presented to the 32nd Pacific Trade and Development conference in Hanoi in 2007, the contributions by distinguished authors add to the understanding of the purpose, evolution, relevance and gaps in regional and global institutions and their arrangements. Shiro Armstrong is a Research Fellow at the Crawford School of Economics and Government at the Australian National University. Vo Tri Thanh is Director of the Department for International Economic Integration Studies of the Central Institute of Economic Management in Vietnam
