The Institutional Foundation of Economic Development is popular PDF and ePub book, written by Shiping Tang in 2022-09-06, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, The Institutional Foundation of Economic Development can be Read Online from any device for your convenience.
The Institutional Foundation of Economic Development Book PDF Summary
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.
Detail Book of The Institutional Foundation of Economic Development PDF
- Author : Shiping Tang
- Release : 06 September 2022
- Publisher : Princeton University Press
- ISBN : 9780691235578
- Genre : Business & Economics
- Total Page : 328 pages
- Language : English
- PDF File Size : 14,7 Mb
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