The institutional foundation of economic development / Shiping Tang.

Format:

Book

Author/Creator:

Tang, Shiping, 1967- author.

Series:

Princeton scholarship online.

Princeton scholarship online

Language:

English

Subjects (All):

Economic development.

Institutional economics.

Political stability--Economic aspects.

Political stability.

Physical Description:

1 online resource (328 p.) : 12 b/w illus. 25 tables.

Place of Publication:

Princeton : Princeton University Press, [2023]

Language Note:

In English.

Summary:

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, this title 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).

Contents:

Frontmatter

CONTENTS

List of Illustrations

Abbreviations

Preface

Introduction: Institutions Matter?

1 Laying the Groundwork: What Do We Know about IFED?

2 A Systematic Statement of IFED

Excursion: Three Inequalities

3 The Positional Market and Development: Social Mobility as an Incentive

4 Redistribution and Development: Good Redistribution as Empowerment

5 Hierarchy, Liberty, and Innovation: A New Institutional Theory and Qualitative Evidence

6 Democracy’s Unique Advantage in Promoting Development: Quantitative Evidence

7 Development as a Social Evolutionary Process

8 The New Development Triangle: State Capacity, Institutional Foundation, and Socioeconomic Policy

Conclusion: Laying the Foundation for Development

Appendixes

Notes

Bibliography

Index

A NOTE ON THE TYPE

Notes:

Includes bibliographical references and index.

Description based on online resource; title from PDF title page (viewed on June 8, 2023).

Previously issued in print: 2022.

ISBN:

9780691235585

0691235589

OCLC:

1321806674