The Institutional Foundation of Economic Development
eBook - PDF

The Institutional Foundation of Economic Development

Shiping Tang

  1. 328 pages
  2. English
  3. PDF
  4. Available on iOS & Android
eBook - PDF

The Institutional Foundation of Economic Development

Shiping Tang

Book details
Table of contents
Citations

About This Book

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.

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Information

Publisher
Princeton University Press
Year
2022
ISBN
9780691235585
Topic
Economics
Subtopic
Development Economics
Index
Economics

Table of contents

  1. Cover
  2. Contents
  3. List of Illustrations
  4. Abbreviations
  5. Preface
  6. Introduction: Institutions Matter?
  7. 1. Laying the Groundwork: What Do We Know about IFED?
  8. 2. A Systematic Statement of IFED
  9. Excursion: Three Inequalities
  10. 3. The Positional Market and Development: Social Mobility as an Incentive
  11. 4. Redistribution and Development: Good Redistribution as Empowerment
  12. 5. Hierarchy, Liberty, and Innovation: A New Institutional Theory and Qualitative Evidence
  13. 6. Democracy’s Unique Advantage in Promoting Development: Quantitative Evidence
  14. 7. Development as a Social Evolutionary Process
  15. 8. The New Development Triangle: State Capacity, Institutional Foundation, and Socioeconomic Policy
  16. Conclusion: Laying the Foundation for Development
  17. Appendixes
  18. Notes
  19. Bibliography
  20. Index
Citation styles for The Institutional Foundation of Economic Development

APA 6 Citation

Tang, S. (2022). The Institutional Foundation of Economic Development ([edition unavailable]). Princeton University Press. Retrieved from https://www.perlego.com/book/3455860/the-institutional-foundation-of-economic-development-pdf (Original work published 2022)

Chicago Citation

Tang, Shiping. (2022) 2022. The Institutional Foundation of Economic Development. [Edition unavailable]. Princeton University Press. https://www.perlego.com/book/3455860/the-institutional-foundation-of-economic-development-pdf.

Harvard Citation

Tang, S. (2022) The Institutional Foundation of Economic Development. [edition unavailable]. Princeton University Press. Available at: https://www.perlego.com/book/3455860/the-institutional-foundation-of-economic-development-pdf (Accessed: 15 October 2022).

MLA 7 Citation

Tang, Shiping. The Institutional Foundation of Economic Development. [edition unavailable]. Princeton University Press, 2022. Web. 15 Oct. 2022.