The Institutional Foundation of Economic Development

The Institutional Foundation of Economic Development
Shiping Tang
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NZ$ 74.99
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NZ$ 61.49
Paperback
h235 x 156mm - 328pg
6 Sep 2022 US
International import eta 7-19 days
9780691235578
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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.
Shiping Tang is Fudan Distinguished Professor at Fudan University in Shanghai. His many books include TheSocial Evolution of International Politics, On Social Evolution, and A General Theory of Institutional Change.
Status: Active
ISBN-13: 9780691235578
Published: 6 Sep 2022
Published In: United States
Imprint: Princeton University Press
Publisher: Princeton University Press
Format: Paperback
Height: 235mm
Width: 156mm
Pages: 328

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