Institutional Adjustment for Economic Growth

Institutional Adjustment for Economic Growth PDF Author: Per Ronnas
Publisher: Routledge
ISBN: 0429806426
Category : Business & Economics
Languages : en
Pages : 427

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Book Description
First published in 1998, this volume focuses on the special category of countries popularly referred to as ‘transition economies’ through an analysis of small and medium sized enterprises (SMEs) and their role in Asian economies, with a view to assessing whether they could or should provide a model for African countries. The present volume explores the institutional peculiarities displayed by ‘transition economies’. These are economies which are undergoing a comprehensive and fundamental societal transformation with a view to creating a utopian communist society within the frame of a centrally administered economy, then a pluralistic society based on a market economy and the rule of law. Much of the debate on the economic performance of African LCD's has focused on informal sector activities or on the imperative to achieve structural adjustment. By highlighting instead the challenges facing two of the least successful among the African economies - Ethiopia and Tanzania, both of which share a socialist past - this book moves beyond the above issues. It argues that institutional adjustment is critical to the prospects for success in developing transition economies. As such the book investigates the transaction costs environment within which small-scale industrial activities are set. By drawing extensively on the Asian experience, (predominantly China and Vietnam but also India and Taiwan), it identifies sources of transaction costs by examining not only the transactional disadvantages of small-scale production, but also the past and present sources of institutional inefficiency.

Institutional Adjustment for Economic Growth

Institutional Adjustment for Economic Growth PDF Author: Per Ronnas
Publisher: Routledge
ISBN: 0429806426
Category : Business & Economics
Languages : en
Pages : 427

Get Book Here

Book Description
First published in 1998, this volume focuses on the special category of countries popularly referred to as ‘transition economies’ through an analysis of small and medium sized enterprises (SMEs) and their role in Asian economies, with a view to assessing whether they could or should provide a model for African countries. The present volume explores the institutional peculiarities displayed by ‘transition economies’. These are economies which are undergoing a comprehensive and fundamental societal transformation with a view to creating a utopian communist society within the frame of a centrally administered economy, then a pluralistic society based on a market economy and the rule of law. Much of the debate on the economic performance of African LCD's has focused on informal sector activities or on the imperative to achieve structural adjustment. By highlighting instead the challenges facing two of the least successful among the African economies - Ethiopia and Tanzania, both of which share a socialist past - this book moves beyond the above issues. It argues that institutional adjustment is critical to the prospects for success in developing transition economies. As such the book investigates the transaction costs environment within which small-scale industrial activities are set. By drawing extensively on the Asian experience, (predominantly China and Vietnam but also India and Taiwan), it identifies sources of transaction costs by examining not only the transactional disadvantages of small-scale production, but also the past and present sources of institutional inefficiency.

National Competitiveness and Economic Growth

National Competitiveness and Economic Growth PDF Author: Timo J. Hämäläinen
Publisher: Edward Elgar Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 410

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Book Description
The current paradigm shift in the world economy is challenging the traditional competitiveness and growth theories with their few explanatory variables. This book offers a more holistic framework to synthesise the key findings of the various branches of competitiveness and growth research. The author illustrates this framework with a new long wave theory of socio-economic development. This theory emphasises the competitiveness and growth benefits of rapid structural adjustment in the rapidly changing techno-economic environment. Based on thorough analysis the author argues that both markets and governments have become less efficient due to the current transformation of the world economy. His empirical data from 22 OECD countries in the 1980s and 1990s illustrates that efficiency and growth-oriented governments have significantly contributed to their countries' economic success. National Competitiveness and Economic Growth will furnish its readers with a better understanding of the interdependencies of many important but seemingly unrelated aspects of modern economies and societies, for example the dynamics of business and technology, and cultural and institutional change. It will appeal to economists, business professionals and policymakers with a special interest in the competitiveness and growth of firms and national economies as well as the long-term development of socio-economic systems.

Institutional Adjustment

Institutional Adjustment PDF Author: Carey C. Thompson
Publisher: University of Texas Press
ISBN: 1477305181
Category : Business & Economics
Languages : en
Pages : 195

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Book Description
This collection of essays presents a stimulating and challenging examination of the nature of institutional adjustment, its history and its future, its problems and its purposes. The focus is on the pioneer work done by the late Clarence Ayres, of the University of Texas, in the study of the processes of change and growth and the nature of modern industrialized economies. The opening essay, a provocative discussion of “The Theory of Institutional Adjustment,” is Ayres’s contribution. The succeeding essays examine several aspects of institutional adjustment: Kenneth H. Parsons discusses “The Institutional Basis of a Progressive Approach to Economic Development.” Wendell Gordon considers “Orthodox Economics and Institutionalized Behavior.” Gunnar Myrdal brings the breadth of his knowledge of many different economies and the institutional contexts within which they operate to a study of the “Adjustment of Economic Institutions in Contemporary America.” Forest Hill provides a historical survey of the process of growth and change in his essay “The Government and Institutional Adjustment: The American Experience.” Wolfgang Friedmann discusses some legal aspects of the subject in “Creative Legal Interpretation and the Process of Institutional Adjustment.” Rounding out this collection of essays, Morris A. Copeland and Gardiner C. Means offer proposals for guiding adjustment and change in specific areas: “Implementing the Objective of Full Employment in Our Free Enterprise System” and “Monetary Institutions to Serve the Modern Economy.” These essays were originally read at a conference sponsored by the Department of Economics of the University of Texas at Austin in April and May of 1965.

Resources, Production and Structural Dynamics

Resources, Production and Structural Dynamics PDF Author: Mauro L. Baranzini
Publisher: Cambridge University Press
ISBN: 1107079098
Category : Business & Economics
Languages : en
Pages : 521

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Book Description
New approach to the economic theory of resources, showing the positive role that scarcities can play in triggering economic growth.

Institutional Efficiency and Its Determinants

Institutional Efficiency and Its Determinants PDF Author: Silvio Borner
Publisher: OECD Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 120

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Book Description
This publication discusses the impact of institutions on economic development and the determinants that shape institutional quality, using a new institutional economics (NIE) model based on a multidisciplinary approach to understanding issues including growth, efficiency and income distribution. Using the experience of Argentina under the Menem government as a case study, a methodology is developed and applied to test theoretical hypotheses regarding the concept of institutional quality and how delineation between economic and political institutions work in practice. It also considers systems of democracy and autocracy, and the impact of traditional, legal and cultural frameworks on institutional efficiency.

The Politics of Economic Adjustment

The Politics of Economic Adjustment PDF Author: Stephan Haggard
Publisher: Princeton University Press
ISBN: 9780691003948
Category : Business & Economics
Languages : en
Pages : 380

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Book Description
This is a collection of essays offering comparative analysis of the divergent experiences of developing countries responding to economic crises by adopting macroeconomic stabilization and structural adjustment policies.

The Institutional Economics of Water

The Institutional Economics of Water PDF Author: R. Maria Saleth
Publisher: World Bank Publications
ISBN: 9780821356562
Category : Nature
Languages : en
Pages : 418

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Book Description
This publication examines issues of water sector reform and performance from the perspectives of institutional economics and political economic studies. The authors develop an alternative quantitative assessment methodology based on the principle of 'institutional ecology', as well as data collected from 127 water experts from 43 countries and regions around the world using a cross-country review of recent water sector reforms within an institutional transaction cost framework.

The Chinese Communist Party as Organizational Emperor

The Chinese Communist Party as Organizational Emperor PDF Author: Zheng Yongnian
Publisher: Routledge
ISBN: 1135190917
Category : Philosophy
Languages : en
Pages : 270

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Book Description
The Chinese Communist Party (CCP) is one of the largest and most powerful political organizations, and China’s rapid rise has allowed CCP to extend its influence throughout the globe. This book explores the CCP transformation as a form of "organizational emperor", and its ability to survive potential democracy.

Economic Development: A Regional, Institutional, and Historical Approach

Economic Development: A Regional, Institutional, and Historical Approach PDF Author: Richard Grabowski
Publisher: Routledge
ISBN: 1317472578
Category : Business & Economics
Languages : en
Pages : 280

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Book Description
The second edition of this innovative and affordable book integrates environmental and financial sustainability into its distinctive regional approach. By focusing on political economy in its cultural, religious and historical roots, as well as leadership decisions, it spurs critical thinking. Working through the unique development paths of individual countries, the authors foster integrative thinking and a strong sense of realism about both the prospects and challenges of economic development in the rapidly evolving global economy. The book is exceptional in both its theoretical nuance and accessible writing. An Instructors Manual with discussion questions, a test bank, and PowerPoint slides is available online to professors who adopt the text.

Institutional Change in Southeast Asia

Institutional Change in Southeast Asia PDF Author: Fredrik Sjöholm
Publisher: Psychology Press
ISBN: 9780415338714
Category : Business & Economics
Languages : en
Pages : 232

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Book Description
Institutional Change in Southeast Asiaexamines the institutional changes taking place in, and challenges facing, the region since 1997. The book focuses on determinants to the adjustments and on implementations of the reforms. It also describes various differences in the reform process between countries in the region. Southeast Asia's economic development over the last decades has been impressive. Most of the region achieved consistently high growth rates accompanied by significant structural transformation and industrialization, poverty alleviation and improvements in their overall standard of living as indicated by such social indicators as greater longevity, more widespread delivery of basic education and lower infant mortality rates. However, the crisis that struck Southeast Asia in 1997 had severe economic, social and political consequences in the region. It also threw into doubt the future economic prosperity of the countries in Southeast Asia and raised intriguing questions about the quality of their institutions and their approach to economic development. Sjöholm and Tongzon argue that the economies of Southeast Asia need to reform their institutions if the previous rapid development is to continue. The institutional weaknesses have been addressed to different degrees and with different success in the affected countries. Against the backdrop of Southeast Asia's importance in the world economy, it is hardly possible to overestimate the need to understand this process of change.