Skip to Content

UNU-WIDER Logo

30 Years of economics for development

Stranger than Fiction? Understanding Institutional Changes and Economic Development

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.
Publisher:
UNU-WIDER
Series:
UNU Policy Brief
Volume:
06/2007
Title:
Stranger than Fiction? Understanding Institutional Changes and Economic Development
Authors:
Ha-Joon Chang
Publication date:
September 2007
ISSN Web:
1814-8026
ISBN 13 Print:
9789280830422
ISBN 13 Web:
9789280830439
Copyright holder:
© UNU
Copyright year:
2007
Keywords:
institutions, history, property rights, markets, ideas, technology, law, governance, bureaucracy, federalism, nationalism, tax, politics
JEL:
F33, G20, N20
Project:
Institutions for Economic Development: Theory, History and Contemporary Experiences
Sponsor:
The governments of Denmark (Royal Ministry of Foreign Affairs), Finland (Ministry for Foreign Affairs), Norway (Royal Ministry of Foreign Affairs), Sweden (Swedish International Development Cooperation Agency-Sida) and the United Kingdom (Department for International Development).
Format:
online and printed copies
 
Licensed under the Creative Commons Deed "Attribution-NonCommercial-NoDerivs 2.5"
Back to Top

^ Back to top

1995-2014 United Nations University World Institute for Development Economics Research

© CC BY-NC-SA 3.0 IGODisclaimer | Terms of Use
UNU-WIDER, Katajanokanlaituri 6 B, FI-00160 Helsinki, Finland
Tel: +358(0)9 6159911 | Fax: +358(0)9 61599333
mail: wider@wider.unu.edu/firstname.lastname@wider.unu.edu