Institutional Change and Economic Development

By: Ha-Joon Chang (Editor)

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Paperback | 1 November 2007

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328 Pages

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The issue of institutional development has come to prominence in the last decade. During this period even the IMF and the World Bank, which used to treat institutions as mere 'details', have come to emphasise the role of institutions in economic development. However, there are still some important gaps that need to be filled before we can say that we have a good grip on the issue of institutions and economic development, both theoretically and at the policy level. This book is an attempt to fill these gaps. Recognizing the complexity of the issues involved, this book draws together contributions from scholars in economics, history, political science, sociology, public administration and business administration. These experts discuss not only theoretical issues but also 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 from Britain, Switzerland and the USA to today's Botswana, Brazil and China. The contributors show that there is no simple formula for institutional development. Instead, real-life examples of institutional development which has been achieved through a mixture of deliberate imitation of foreign institutions and local institutional innovations are discussed and studied. While arguing there is no set formula for institutional development, this book will assist developing countries to improve their institutions by providing sophisticated theoretical discussions and helpful policy ideas based on real-life cases.

Industry Reviews

'Just when the institutionalist approach to economic development is at risk of seeming like a 'black box' for tautological non-explanations, this volume of richly historically informed andnuanced studies will restore confidence in the value, if not superiority, of this approach to the political economy of development.'Jomo K.S., Assistant Secretary-General for Economic Development, United Nations'Much has been said about institutions in development, but this book takes us to a new level of analysis, with a very thorough understanding of the history and political economy of institution-building. Along the way it demolishes much of the conventional wisdom, and sets a new standard that all future research on institutions must match.'Tony Addison, Executive Director of the Brooks World Poverty Institute, University of Manchester

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Non-Fiction Economics Development Economics & Emerging Economies Reference, Information & Interdisciplinary Subjects Interdisciplinary Studies Development Studies

Institutional change and economic development: An introduction	p. 1
Understanding the relationship between institutions and economic development - some key theoretical issues	p. 17
Extending the 'institutional' turn: Property, politics, and development trajectories	p. 35
Institutionalism ancient, old, and new: A historical perspective on institutions and uneven development	p. 53
Modern bureaucracy	p. 75
Central banks as agents of economic development	p. 95
Corporate governance, innovative enterprise, and economic development	p. 115
The political economy of taxation and tax reform in developing countries	p. 135
The rule of law, legal traditions, and economic growth: The East Asian example	p. 157
State formation and the construction of institutions for the first industrial nation	p. 177
The role of federalism in developing the US during nineteenth-century globalization	p. 199
Institutions and economic growth: The successful experience of Switzerland, 1870-1950	p. 219
The rise and halt of economic development in Brazil, 1945-2004: Industrial catching-up, institutional innovation, and financial fragility	p. 239
Rethinking import-substituting industrialization: Development strategies and institutions in Taiwan and China	p. 261
Developmental nationalism and economic performance in Africa: The case of three 'successful' African economies	p. 281
Index	p. 281
Table of Contents provided by Blackwell. All Rights Reserved.

Institutional Change and Economic Development

At a Glance

Paperback

Industry Reviews

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How to return your order

Defective items

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