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Institutional Transformations Polity And Economic Outcomes
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Book Synopsis Institutional Transformations, Polity and Economic Outcomes by : Sophia Gollwitzer
Download or read book Institutional Transformations, Polity and Economic Outcomes written by Sophia Gollwitzer and published by International Monetary Fund. This book was released on 2012-03-01 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper tests the theoretical framework developed by North, Wallis and Weingast (2009) on the transition from closed to open access societies. They posit that societies need to go through three doorsteps: (i) the establishment of rule of law among elites; (ii) the adoption of perpetually existing organizations; and (iii) the political control of the military. We identify indicators reflecting these doorsteps and graphically test the correlation between them and a set of political and economic variables. Finally, through Identification through Heteroskedasticity we test these relationships econometrically. The paper broadly confirms the logic behind the doorsteps as necessary steps in the transition to open access societies. The doorsteps influence economic and political processes, as well as each other, with varying intensity. We also identify income inequality as a potentially important force leading to social change.
Book Synopsis Institutions, Institutional Change and Economic Performance by : Douglass C. North
Download or read book Institutions, Institutional Change and Economic Performance written by Douglass C. North and published by Cambridge University Press. This book was released on 1990-10-26 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt: An analytical framework for explaining the ways in which institutions and institutional change affect the performance of economies is developed in this analysis of economic structures.
Book Synopsis Institutions, Institutional Change and Economic Performance by : Douglass C. North
Download or read book Institutions, Institutional Change and Economic Performance written by Douglass C. North and published by Cambridge University Press. This book was released on 1990-10-26 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Continuing his groundbreaking analysis of economic structures, Douglass North develops an analytical framework for explaining the ways in which institutions and institutional change affect the performance of economies, both at a given time and over time. Institutions exist, he argues, due to the uncertainties involved in human interaction; they are the constraints devised to structure that interaction. Yet, institutions vary widely in their consequences for economic performance; some economies develop institutions that produce growth and development, while others develop institutions that produce stagnation. North first explores the nature of institutions and explains the role of transaction and production costs in their development. The second part of the book deals with institutional change. Institutions create the incentive structure in an economy, and organisations will be created to take advantage of the opportunities provided within a given institutional framework. North argues that the kinds of skills and knowledge fostered by the structure of an economy will shape the direction of change and gradually alter the institutional framework. He then explains how institutional development may lead to a path-dependent pattern of development. In the final part of the book, North explains the implications of this analysis for economic theory and economic history. He indicates how institutional analysis must be incorporated into neo-classical theory and explores the potential for the construction of a dynamic theory of long-term economic change. Douglass C. North is Director of the Center of Political Economy and Professor of Economics and History at Washington University in St. Louis. He is a past president of the Economic History Association and Western Economics Association and a Fellow, American Academy of Arts and Sciences. He has written over sixty articles for a variety of journals and is the author of The Rise of the Western World: A New Economic History (CUP, 1973, with R.P. Thomas) and Structure and Change in Economic History (Norton, 1981). Professor North is included in Great Economists Since Keynes edited by M. Blaug (CUP, 1988 paperback ed.)
Book Synopsis Great Transformations by : Mark Blyth
Download or read book Great Transformations written by Mark Blyth and published by Cambridge University Press. This book was released on 2002-09-16 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book picks up where Karl Polanyi's study of economic and political change left off. Building upon Polanyi's conception of the double movement, Blyth analyzes the two periods of deep seated institutional change that characterized the twentieth century: the 1930s and the 1970s. Blyth views both sets of changes as part of the same dynamic. In the 1930s labor reacted against the exigencies of the market and demanded state action to mitigate the market's effects by 'embedding liberalism.' In the 1970s, those who benefited least from such 'embedding' institutions, namely business, reacted against these constraints and sought to overturn that institutional order. Blyth demonstrates the critical role economic ideas played in making institutional change possible. Great Transformations rethinks the relationship between uncertainty, ideas, and interests, achieving profound new insights on how, and under what conditions, institutional change takes place.
Book Synopsis Institutional Transformations, Polity and Economic Outcomes by : Sophia Gollwitzer
Download or read book Institutional Transformations, Polity and Economic Outcomes written by Sophia Gollwitzer and published by International Monetary Fund. This book was released on 2012-03-01 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper tests the theoretical framework developed by North, Wallis and Weingast (2009) on the transition from closed to open access societies. They posit that societies need to go through three doorsteps: (i) the establishment of rule of law among elites; (ii) the adoption of perpetually existing organizations; and (iii) the political control of the military. We identify indicators reflecting these doorsteps and graphically test the correlation between them and a set of political and economic variables. Finally, through Identification through Heteroskedasticity we test these relationships econometrically. The paper broadly confirms the logic behind the doorsteps as necessary steps in the transition to open access societies. The doorsteps influence economic and political processes, as well as each other, with varying intensity. We also identify income inequality as a potentially important force leading to social change.
Book Synopsis The New Institutional Politics by : Svante Ersson
Download or read book The New Institutional Politics written by Svante Ersson and published by Routledge. This book was released on 2002-01-31 with total page 358 pages. Available in PDF, EPUB and Kindle. Book excerpt: The New Institutional Politics is a comparative study of the impact of political institutions upon outcomes, and covers some of the major themes in the new institutionalism. It looks at how various democratic institutions like Konkordanzdemokratie or corporatism promote better outcomes than Westminster institutions. The evaluation of the performance of political institutions covers the executive, the legislature and the judicial system. The book also looks at economic outcomes such as affluence and GDP growth as well as social ones like income distribution and quality of life. It examines the problems of institutional effects in democracies and dictatorships and provides analysis of some of the major models in political science. This is an exploration of how political institutions matter for political, economic and social outcomes. It estimates their impact in relation to other major factors such as culture and social structure. It is written for political scientists and graduates studying comparative politics.
Book Synopsis Global Transformations by : David Held
Download or read book Global Transformations written by David Held and published by Stanford University Press. This book was released on 1999 with total page 548 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this book, the authors set forth a new model of globalization that lays claims to supersede existing models, and then use this model to assess the way the processes of globalization have operated in different historic periods in respect to political organization, military globalization, trade, finance, corporate productivity, migration, culture, and the environment. Each of these topics is covered in a chapter which contrasts the contemporary nature of globalization with that of earlier epochs. In mapping the shape and political consequences of globalization, the authors concentrate on six states in advanced capitalist societies (SIACS): the United States, the United Kingdom, Sweden, France, Germany, and Japan. For comparative purposes, other statesparticularly those with developing economicsare referred to and discussed where relevant. The book concludes by systematically describing and assessing contemporary globalization, and appraising the implications of globalization for the sovereignty and autonomy of SIACS. It also confronts directly the political fatalism that surrounds much discussion of globalization with a normative agenda that elaborates the possibilities for democratizing and civilizing the unfolding global transformation.
Book Synopsis After Adam Smith by : Murray Milgate
Download or read book After Adam Smith written by Murray Milgate and published by Princeton University Press. This book was released on 2011-10-16 with total page 318 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'After Adam Smith' looks at how politics & political economy were articulated & altered in the century following the publication of Smith's 'Wealth of Nations'.
Book Synopsis The Federal Civil Service System and the Problem of Bureaucracy by : Ronald N. Johnson
Download or read book The Federal Civil Service System and the Problem of Bureaucracy written by Ronald N. Johnson and published by University of Chicago Press. This book was released on 2007-12-01 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt: The call to "reinvent government"—to reform the government bureaucracy of the United States—resonates as loudly from elected officials as from the public. Examining the political and economic forces that have shaped the American civil service system from its beginnings in 1883 through today, the authors of this volume explain why, despite attempts at an overhaul, significant change in the bureaucracy remains a formidable challenge.
Book Synopsis Politics, Institutions, and the Economic Performance of Nations by : Clemens L. J. Siermann
Download or read book Politics, Institutions, and the Economic Performance of Nations written by Clemens L. J. Siermann and published by Edward Elgar Publishing. This book was released on 1998 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: This text explores the issues of politics, institutions and the economic performance of nations from an in-depth perspective, challenging conventional theory which claims that democracy promotes economic growth.
Book Synopsis Political Economy of Transition and Development by : Nauro F. Campos
Download or read book Political Economy of Transition and Development written by Nauro F. Campos and published by Springer Science & Business Media. This book was released on 2003-11-30 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt: Political Economy of Transition and Development collects the proceedings of an international conference that brought the leading thinkers in this field to the Center for European Integration Studies of the University of Bonn in May, 2002. The contributions analyze the various interactions between institutions, policy choices, economic developments, and political outcomes in transition and developing countries. The first five chapters give a relatively broad assessment of the various reform paths and outcomes in the transition and developing countries. The remaining eight chapters proceed to analyze important aspects of transition such as voting behavior, political-regime choice, corruption, social capital, growth and inequality, and EU enlargement. The resulting volume thus combines a bird's eye perspective with a relatively narrow focus on selected key issues pertaining to the ongoing transition process in Central and Eastern Europe.
Book Synopsis Transaction Costs, Institutions, and Economic Performance by : Douglass Cecil North
Download or read book Transaction Costs, Institutions, and Economic Performance written by Douglass Cecil North and published by Ics Press. This book was released on 1992 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Brazil in Transition by : Lee J. Alston
Download or read book Brazil in Transition written by Lee J. Alston and published by Princeton University Press. This book was released on 2016-05-24 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: Brazil is the world's sixth-largest economy, and for the first three-quarters of the twentieth century was one of the fastest-growing countries in the world. While the country underwent two decades of unrelenting decline from 1975 to 1994, the economy has rebounded dramatically. How did this nation become an emerging power? Brazil in Transition looks at the factors behind why this particular country has successfully progressed up the economic development ladder. The authors examine the roles of beliefs, leadership, and institutions in the elusive, critical transition to sustainable development. Analyzing the last fifty years of Brazil's history, the authors explain how the nation's beliefs, centered on social inclusion yet bound by orthodox economic policies, led to institutions that altered economic, political, and social outcomes. Brazil's growth and inflation became less variable, the rule of law strengthened, politics became more open and competitive, and poverty and inequality declined. While these changes have led to a remarkable economic transformation, there have also been economic distortions and inefficiencies that the authors argue are part of the development process. Brazil in Transition demonstrates how a dynamic nation seized windows of opportunity to become a more equal, prosperous, and rules-based society.
Book Synopsis Contested Economic Institutions by : Torben Iversen
Download or read book Contested Economic Institutions written by Torben Iversen and published by Cambridge University Press. This book was released on 1999-08-28 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examines why some countries have much higher unemployment rates than others. Explores wage bargaining institutions, macro-economic policy regimes, and the welfare state. Argues that unemployment is the outcome of interaction between the centralization of the wage bargaining system and the character of the monetary policy regime.
Book Synopsis Government Institutions: Effects, Changes and Normative Foundations by : Hendrik Wagenaar
Download or read book Government Institutions: Effects, Changes and Normative Foundations written by Hendrik Wagenaar and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research on government institutions is one of the most exciting intellectual areas in political science and policy studies today. Increasingly it is recognized by scholars in these fields that effective and legitimate policies depend on the design and maintenance of complex institutional arrangements. This book brings together some of the leading scholars in institutional research in The Netherlands. Their work addresses such perennially difficult questions in institutional research such as: How do we understand institutional change? How do we measure the effects of institutions on societal sectors and public policy? How do the normative foundations of government institutions influence their functioning? What are the principles of effective and legitimate institutional design? Through analysis of well-researched examples ranging from the fabled Dutch `poldermodel', through the transformation of the welfare state, through privatizations of the Dutch telecommunications industry, to the work of welfare officials, these authors demonstrate the interpenetration of normative, empirical and design issues in institutional theory. The book is intended for scholars and graduate students in political science, public policy, public administration, and law.
Book Synopsis Institutions, Institutional Change and Economic Performance by : Douglass C. North
Download or read book Institutions, Institutional Change and Economic Performance written by Douglass C. North and published by . This book was released on 1990-10-26 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt: An analytical framework for explaining the ways in which institutions and institutional change affect the performance of economies is developed in this analysis of economic structures.
Book Synopsis The Global Transformations Reader by : David Held
Download or read book The Global Transformations Reader written by David Held and published by Polity. This book was released on 2003-08-01 with total page 624 pages. Available in PDF, EPUB and Kindle. Book excerpt: The world is changing dramatically and a vigorous public debate is under way about the nature and historical significance of these changes. At the centre of this debate lie conflicting claims about the extent, form and consequences of contemporary globalization. On the one hand there are the globalists, who argue that the world is being fundamentally and irreversibly transformed by globalization. On the other hand there are the sceptics, who believe that the globalists' claims are exaggerated and poorly substantiated. The sceptics contest the very idea of globalization, arguing that the power of national governments, nationalism and geopolitics remain the determining features of our age. This completely revised and fully updated edition of The Global Transformations Reader brings together the most original contributions from both sides of the argument and from a range of disciplines. Many new chapters have been added, which incorporate the most recent developments in the debate and set these in the context of a global order that is in a constant state of flux. Organized as an accessible and comprehensive teaching text, the Reader is divided into six sections covering all the key issues in the debate: * controversy over the meaning, causes and historical significance of 'globalization' * the transformation of state power and civil society; * changing patterns of national culture; * the power of global markets; * global inequality and its consequences; and * the nature of the global order and normative aspirations for its future. The volume includes an extensive introduction by the editors, reviewing, analysing and assessing the globalization debate. Short but highly informative introductions to each section situate and contextualize the individual readings. This Reader will be of immense value to all those interested in one of the most important debates of our time. It will appeal to students of politics, international relations, economics, sociology, geography, business studies and cultural studies. The Global Transformations Reader is part of the internationally acclaimed series on globalization, which also includes Global Transformations: Politics, Economics and Culture and Governing Globalization: Power, Authority and Global Governance.
