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The Institutional Foundation of
Economic
Development
Tang, Shiping
United States: Princeton University Press 2022
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Título:
The Institutional Foundation of
Economic
Development
Autor:
Tang, Shiping
Assuntos:
BUSINESS & ECONOMICS
;
Development
;
Economic
Development
;
Economic
Policy
;
Economics
;
Institutional economics
;
International Relations
;
Political Economy
;
POLITICAL SCIENCE
;
Political stability
;
Public Policy
;
Theory
Descrição:
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.
Editor:
United States: Princeton University Press
Data de criação/publicação:
2022
Formato:
328 pages
Idioma:
Inglês
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