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Books > Business & Economics > Economics > Development economics
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Institutions and Development (Hardcover)
Loot Price: R3,092
Discovery Miles 30 920
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Institutions and Development (Hardcover)
Series: Advances in New Institutional Analysis series
Expected to ship within 12 - 17 working days
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A landmark contribution to our understanding of economic
development. This significant book argues that fundamental changes
in deeply rooted institutions do not happen because of outsiders'
money, advice, pressures, or even physical force; which explains
why foreign aid has not, and can not, improve institutions. The
impetus for changing institutions must come from within a society,
and the author shows how groups of local scholars contribute to
institutional change and development when the political opportunity
presents itself. Both economic research and the history of foreign
aid suggest that the largest barriers to development arise from a
society's institutions - its norms and rules. The author draws on
35 years experience to explain how institutions drive economic
development. She goes beyond the abstractions usually used to
define institutions, providing numerous examples to illustrate the
complex, interlocking, and persistent nature of real world rules
and norms. This significant book argues that fundamental changes in
deeply rooted institutions do not happen because of outsiders'
money, advice, pressures, or even physical force; which explains
why foreign aid has not, and can not, improve institutions. The
impetus for changing institutions must come from within a society,
and the author shows how groups of local scholars contribute to
institutional change and development when the political opportunity
presents itself. Providing an overview of how market supporting
institutions evolved in Europe and why these institutions are weak
or absent in most countries of the world, this book will be of
interest to a wide audience of aid and development policymakers,
academics, and students of economics, political science,
management, and law.
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