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UNU-WIDER Institutional Change and Economic Development (Anthem Press)

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A teenager wears torn rubber boots in a muddy local market in Bac Ha, Viet Nam. As of 2005 figures, half the world population—more than 3 billion people–is estimated to live on less than USD 2.50 a day. Bac Ha, Viet Nam. UN Photo/Kibae Park.

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Institutional Change and Economic Development

Book cover: Institutional Change and Economic Development

Just when the institutionalist approach to economic development is at risk of seeming like a ‘black box’ for tautological non-explanations, this volume of richly historically informed and nuanced studies will restore confidence in the value, if not superiority of this approach to the political economy of development.

—Jomo K.S., Assistant Secretary General for Economic Development, United Nations
Anthem Press
Institutional Change and Economic Development
Edited by Ha-Joon Chang
Publication date:
October 2007
ISBN 13 Print:
Copyright holder:
Copyright year:
institutional development, institutional innovations, economic devleopment
F33, G20, N20
Institutions for Economic Development: Theory, History and Contemporary Experiences
paperback book
co-published by UNU Press
UK / Europe / South Asian edition
Much has been said about institutions in development, but this book takes us to a new level of analysis, with a very thorough understanding of the history and political economy of institution-building. Along the way it demolishes much of the conventional wisdom, and sets a new standard that all future research on institutions must match. —Tony Addison, Executive Director of the Brooks World Poverty Institute, University of Manchester.

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