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Institutions and Economic Development: A Critical Discussion of the Institution-Centred Orthodoxy in Development Economics - Softcover

Langholz, Marlene

 
9783640671540: Institutions and Economic Development: A Critical Discussion of the Institution-Centred Orthodoxy in Development Economics
Softcover
ISBN 10: 3640671546 ISBN 13: 9783640671540
Verlag: GRIN Verlag, 2010

Inhaltsangabe

Seminar paper from the year 2008 in the subject Politics - Topic: Globalization, Political Economics, University of Flensburg (European Studies), course: Seminar: "World Economic Policy", language: English, abstract: The main goal of Development Economics is to find the reasons for the rather big differences in levels of income throughout the world. Why, for instance, did European nations after the eighteenth century develop faster than Asian, African or Latin American nations and what can be done to reduce the so caused differences in income and growth?1 In recent years, many economists used institutions to explain why structural adjustment programs in poor countries have failed so far. Not the programs itself, so the tenor, but the lack of "good institutions" has been blamed for the failure of many developing countries to catch up. In this paper, the current institution centered orthodoxy in development economics will be discussed from a critical point of view. In the first part, different strands of development theory will be reviewed. Secondly, the reasons for the prominence of New Institutional Economics will be analyzed. Finally, it will be discussed, if the institutional approach is holding its promises and if it is useful to focus on the institutional variable to explain economical development.

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Seminar paper from the year 2008 in the subject Politics - Topic: Globalization, Political Economics, University of Flensburg (European Studies), course: Seminar: "World Economic Policy", language: English, abstract: The main goal of Development Economics is to find the reasons for the rather big differences in levels of income throughout the world. Why, for instance, did European nations after the eighteenth century develop faster than Asian, African or Latin American nations and what can be done to reduce the so caused differences in income and growth?1 In recent years, many economists used institutions to explain why structural adjustment programs in poor countries have failed so far. Not the programs itself, so the tenor, but the lack of ¿good institutions¿ has been blamed for the failure of many developing countries to catch up. In this paper, the current institution centered orthodoxy in development economics will be discussed from a critical point of view. In the first part, different strands of development theory will be reviewed. Secondly, the reasons for the prominence of New Institutional Economics will be analyzed. Finally, it will be discussed, if the institutional approach is holding its promises and if it is useful to focus on the institutional variable to explain economical development.

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Verlag
GRIN Verlag
Erscheinungsdatum
2010
Sprache
Englisch
ISBN 10 
3640671546
ISBN 13 
9783640671540
Einband
Taschenbuch
Auflage
3
Anzahl der Seiten
20
Kontakt zum Hersteller
GRIN Publishing GmbH
info@grin.com

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