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The Institutional Foundation of Economic Development
ISBN: 0691235589 ;ISBN: 9780691235585 ;ISBN: 0691235562 ;ISBN: 9780691235578 ;ISBN: 0691235570 ;ISBN: 9780691235561 ;EISBN: 0691235589 ;EISBN: 9780691235585 ;OCLC: 1321806674
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Title:
The Institutional Foundation of Economic Development
Author:
Tang, Shiping
Subjects:
BUSINESS & ECONOMICS
;
Development
;
Economic Development
;
Economic Policy
;
Economics
;
Institutional economics
;
International Relations
;
Political Economy
;
POLITICAL SCIENCE
;
Political stability
;
Public Policy
;
Theory
Description:
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.
Publisher:
United States: Princeton University Press
Creation Date:
2022
Format:
328 pages
Language:
English
Identifier:
ISBN: 0691235589
ISBN: 9780691235585
ISBN: 0691235562
ISBN: 9780691235578
ISBN: 0691235570
ISBN: 9780691235561
EISBN: 0691235589
EISBN: 9780691235585
OCLC: 1321806674
Source:
ScholarVox International
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