Market And Institutions In Economic Development
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Author | : Jean-Marie Baland |
Publisher | : Princeton University Press |
Total Pages | : 786 |
Release | : 2020-01-21 |
Genre | : Business & Economics |
ISBN | : 0691191212 |
"The essential role institutions play in understanding economic development has long been recognised and has been closely studied across the social sciences but some of the most high profile work has been done by economists many of whom are included in this collection covering a wide range of topics including 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 covers the frontier research in its area and points to new areas of research and is the product of extensive workshopping and editing. The editors have also written an excellent introduction which brings together the key themes of the handbook. The list of contributors is stellar (Steven Durlauf, Throsten Beck, Bob Allen,and includes a diverse mix of Western and non Western, male and female scholars)"
Author | : Bryan Cheang |
Publisher | : Springer Nature |
Total Pages | : 210 |
Release | : 2023-04-29 |
Genre | : Business & Economics |
ISBN | : 9819908442 |
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.
Author | : Ronald I. McKinnon |
Publisher | : Brookings Institution Press |
Total Pages | : 204 |
Release | : 2010-12-01 |
Genre | : Business & Economics |
ISBN | : 9780815718499 |
This books presents a theory of economic development very different from the "stages of growth" hypothesis or strategies emphasizing foreign aid, trade, or regional association. Leaving these aside, the author breaks new ground by focusing on the use of domestic capital markets to stimulate economic performance. He suggests a "bootstrap" approach in which successful development would depend largely on policy choices made by national authorities in the developing countries themselves. Central to his theory is the freeing of domestic financial markets to allow interest rates to reflect the true scarcity of capital in a developing economy. His analysis leads to a critique of prevailing monetary theory and to a new view of the relation between money and physical capital—a view with policy implications for governments striving to overcome the vicious circle of inflation and stagnation. Examining the performance of South Korea, Taiwan, Brazil, and other countries, the author suggests that their success or failure has depended primarily on steps taken in the monetary sector. He concludes that monetary reform should take precedence over other development measures, such as tariff and tax reform or the encouragement of foreign capital investment. In addition to challenging much of the conventional wisdom of development, the author's revision of accepted monetary theory may be relevant for mature economies that face monetary problems.
Author | : Douglass C. North |
Publisher | : Cambridge University Press |
Total Pages | : 164 |
Release | : 1990-10-26 |
Genre | : Political Science |
ISBN | : 9780521397346 |
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.
Author | : Benton E. Gup |
Publisher | : Springer Science & Business Media |
Total Pages | : 226 |
Release | : 2006-07-20 |
Genre | : Business & Economics |
ISBN | : 0387245634 |
Capital Markets, Globalization, and Economic Development consists of fourteen articles contributed by authors from Australia, Asia, Europe, South America, and the United States who provide a wide range of insights. The contributors include academics, government officials, and regulators. This book examines some of the capital market issues that economies face as they mature. These include, but are not limited to, credit ratings, financial regulation, infrastructure privatization and other timely topics.
Author | : W. Garside |
Publisher | : Springer |
Total Pages | : 366 |
Release | : 2007-11-09 |
Genre | : Business & Economics |
ISBN | : 0230389945 |
This book is a timely reminder of the more fundamental determinants of capital accumulation and innovation. It provides a mixture of conceptual, empirical, historical and methodological approaches to the relationship between institutions, institutional change and economic development.
Author | : Ajit Mishra |
Publisher | : Oxford University Press |
Total Pages | : 392 |
Release | : 2017-10-27 |
Genre | : Business & Economics |
ISBN | : 019254067X |
Written in honour of Kaushik Basu, Markets, Governance, and Institutions in the Process of Economic Development is a celebration of over forty years of contributions to development economics. Written by Professor Basu's past and present collaborators and research students it offers original insights and perspectives on issues relating to well-being, freedom, and institutions in the developmental context. Throughout his career, Kaushik Basu has addressed policy issues such as rent control, child labour, labour laws, harassment, shared prosperity, and gender empowerment. The contributions in this volume, theoretical as well as empirical, reflect this range of issues in the broader context of interactions between markets, governance, and institutions in the process of economic development. The broader roles of markets as key resource allocation mechanisms cannot be disputed. But they need suitable governance structures and institutions, working both as facilitators and as regulators. Markets, Governance and Institutions in the Process of Economic Development looks at the complex interactions between these three forces of development. Divided into three distinct sections covering foundational and measurement issues associated with economic development and well-being; functioning (and non-functioning) of the market in the context of development; and structure and design issues relating to governance and institutions, this book provides a clear focus for academics and economists considering development policy questions.
Author | : John Harriss |
Publisher | : Psychology Press |
Total Pages | : 382 |
Release | : 1995 |
Genre | : Business & Economics |
ISBN | : 9780415118231 |
A major contribution to an area of debate still in its formative phase. It offers new perspectives on both the micro-foundations of economics and the long run dynamics of economic development.
Author | : Jeremy Atack |
Publisher | : Cambridge University Press |
Total Pages | : 497 |
Release | : 2009-03-16 |
Genre | : Business & Economics |
ISBN | : 1139477048 |
Collectively, mankind has never had it so good despite periodic economic crises of which the current sub-prime crisis is merely the latest example. Much of this success is attributable to the increasing efficiency of the world's financial institutions as finance has proved to be one of the most important causal factors in economic performance. In a series of insightful essays, financial and economic historians examine how financial innovations from the seventeenth century to the present have continually challenged established institutional arrangements, forcing change and adaptation by governments, financial intermediaries, and financial markets. Where these have been successful, wealth creation and growth have followed. When they failed, growth slowed and sometimes economic decline has followed. These essays illustrate the difficulties of co-ordinating financial innovations in order to sustain their benefits for the wider economy, a theme that will be of interest to policy makers as well as economic historians.
Author | : Salvatore Biasco |
Publisher | : Palgrave Macmillan |
Total Pages | : 202 |
Release | : 1993-01-01 |
Genre | : Business & Economics |
ISBN | : 9780312085254 |