Stranger than Fiction? Understanding Institutional Changes and Economic Development
Chang, Ha-Joon (2007). Stranger than Fiction? Understanding Institutional Changes and Economic Development. United Nations University Press.
Author Chang, Ha-Joon Title Stranger than Fiction? Understanding Institutional Changes and Economic Development Volume/Issue No. 6 Publication Date 2007-12-27 Place of Publication Helsinki Publisher United Nations University Press Pages 7 Language eng Abstract The volume Institutional Change and Economic Development fills some important gaps in our understanding of the relationship between institutional changes and economic development. It does so by developing new discourses on the ‘technology of institution building’ and by providing detailed case studies—historical and more recent— of institution building. It is argued that functional multiplicity, the importance of informal institutions, unintended consequences, and intended ‘perversion’ of institutions all imply that the orthodox recipe of importing ‘best practice’ formal institutions does not work. While denying the existence of universal formulas, the volume distills some general principles of institutions building from theoretical explorations and case studies. Copyright Holder United Nations University Copyright Year 2007 Copyright type Creative commons ISSN 18148026 ISBN 9789280830439
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