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The Institutional Foundation of Economic Development
Engelsk Hardback
The Institutional Foundation of Economic Development
Engelsk Hardback

1.243 kr
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A systemic account of how institutions shape economic development

Institutions matter for economic development. Yet despite this accepted wisdom, new institutional economics (NIE) has yet to provide a comprehensive look at what constitutes the institutional foundation of economic development (IFED). Bringing together findings from a range a fields, from development economics and development studies to political science and sociology, The Institutional Foundation of Economic Development explores the precise mechanisms through which institutions affect growth.

Shiping Tang contends that institutions shape economic development through four “Big Things”: possibility, incentive, capability, and opportunity. From this perspective, IFED has six major dimensions: political hierarchy, property rights, social mobility, redistribution, innovation protection, and equal opportunity. Tang further argues that IFED is only one pillar within the New Development Triangle (NDT): sustained economic development also requires strong state capacity and sound socioeconomic policies.

Arguing for an evolutionary approach tied to a country’s stage of development, The Institutional Foundation of Economic Development advances an understanding of institutions and economic development through a holistic, interdisciplinary lens.

Product detaljer
Sprog:
Engelsk
Sider:
328
ISBN-13:
9780691235561
Indbinding:
Hardback
Udgave:
ISBN-10:
0691235562
Udg. Dato:
6 sep 2022
Længde:
0mm
Bredde:
156mm
Højde:
235mm
Forlag:
Princeton University Press
Oplagsdato:
6 sep 2022
Forfatter(e):
Kategori sammenhænge