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Institutions and Economic Development

Institutions and Economic Development

von Bryan Cheang und Tom G. Palmer
Softcover - 9789819908431
74,89 €
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Beschreibung

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. 

Markets, Ideas, and Bottom-Up Change

Details

Verlag Springer Singapore
Ersterscheinung 30. April 2023
Maße 23.5 cm x 15.5 cm
Gewicht 375 Gramm
Format Softcover
ISBN-13 9789819908431
Seiten 202

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