Institutional Foundation of Economic Development (eBook)

Shiping Tang (Autor)

eBook Download: PDF

2022
328 Seiten
Princeton University Press (Verlag)
978-0-691-23558-5 (ISBN)

Infos

A systemic account of how institutions shape economic developmentInstitutions 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 "e;Big Things"e;: 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.

Produkt-Details

• Erscheint lt. Verlag: 4.10.2022
• Zusatzinfo: 12 b/w illus. 25 tables.
• Sprache: englisch
• Themenwelt: Naturwissenschaften
• Themenwelt: Sozialwissenschaften ► Politik / Verwaltung ► Europäische / Internationale Politik
• Themenwelt: Wirtschaft ► Volkswirtschaftslehre ► Wirtschaftspolitik
• Schlagworte: aggregate demand • autocracy • Basic education • Bond Yield • Bureau of Economic Analysis • Capital Accumulation • Capital control • Capital Market • Classical Economics • consumer • Consumer behaviour • Consumer spending • Consumption (Economics) • Convergence (economics) • Cost Of Funds • Credit Default Swap • credit risk • Currency • Current Account • Democracy and economic growth • Derivative (finance) • developed country • Development Economics • Economic Development • Economic equilibrium • Economic Growth • Economic History • Economic indicator • economic interventionism • Economic Liberalization • economic nationalism • Economic planning • Economic Policy • Economic Power • economic recovery • Economics • Economic Sociology • economic surplus • economy • Effectiveness • Endogeneity (econometrics) • Entrepreneurship • Evolutionary Economics • Exchange Rate • Factor Endowment • Financial Inclusion • Financial transaction • fiscal capacity • GDP deflator • Globalization • Historical Institutionalism • Household • Human Capital • Incentive • Inclusive Growth • income • Income Tax • Innovation • Institution • Institutional Economics • Institutional Theory • Interest Rate • interest rate parity • International Development • International Trade • Investment • Investment Fund • Investor • Journal of Political Economy • Knowledge Economy • Labour Economics • Market Economy • market integration • market liquidity • marketplace of ideas • Market power • Meritocracy • Neoclassical Economics • Neoliberalism • Net Investment Income • New Institutional Economics • Output (economics) • Probability Theory • Production–possibility frontier • Public Policy • Rate of return • saving • Social capital • Social Evolution • Social mobility • Social Science • Socioeconomic development • State (polity) • Supply (economics) • Theoretical Value • Welfare Economics • World Bank • World Bank Group • World Trade Organization • World Values Survey
• ISBN-10: 0-691-23558-9 / 0691235589
• ISBN-13: 978-0-691-23558-5 / 9780691235585