Institutions And Development (advances In New Institutional Analysis)
by Mary M. Shirley /
2008 / English / PDF
912.6 KB Download
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.
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.
