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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

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A thought-provoking and challenging analysis of the role of institutions in economic development. It is a necessary antidote to the orthodox writings on this subject. A must read.

—Ajit Singh, Professor of Economics, University of Cambridge

Publisher:
UNU Press
Title:
Institutional Change and Economic Development
Authors:
Edited by Ha-Joon Chang
Publication date:
October 2007
ISBN 13 Print:
9789280811438
Copyright holder:
© UNU-WIDER
Copyright year:
2007
Keywords:
institutional development, institutional innovations, economic devleopment
JEL:
F33, G20, N20
Project:
Institutions for Economic Development: Theory, History and Contemporary Experiences
Format:
paperback book
 
co-published by Anthem Press
 
North America and Geneva edition
 
There is a growing confluence of economic opinion on the centrality of institutions in the development process but few detailed comparative historical studies of the interface between their form, function and context. Ha-Joon Chang, under the sponsorship of WIDER, has assembled a cogent set of essays richly presenting a tapestry of institutional experiences from virtually every region of the world. The volume will prove to be an important resource to counter the latest institutional orthodoxies on governance and property rights coming from the World Bank and IMF as countries look beyond the latest fashions from the Bretton Woods organizations. —Howard Stein, University of Michigan.