The Role of Institutions in Growth and Development
In this paper authors argue that the main determinants of differences in prosperity across countries are differences in economic institutions. To solve the problem of development will entail reforming these institutions. Unfortunately, this is diff...
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| Format: | Working Paper |
| Language: | English en_US |
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World Bank, Washington, DC
2017
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| Online Access: | http://documents.worldbank.org/curated/en/232971468326415075/The-role-of-institutions-in-growth-and-development http://hdl.handle.net/10986/28045 |
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okr-10986-280452021-04-23T14:04:46Z The Role of Institutions in Growth and Development Acemoglu, Daron Robinson, James ADULT POPULATION AGRICULTURAL POLICIES ALLOCATION AUTOCRACY BARRIERS TO ENTRY BUREAUCRACY CAPITALISM CHECKS AND BALANCES CITIZENS CIVIL WAR CLIMATE CHANGE COERCION COLLECTIVE ACTION COMPARATIVE ADVANTAGE CRISES DEATH RATES DEMOCRACIES DEMOCRACY DEMOCRATIC POLITICS DEVELOPING COUNTRIES DEVELOPMENT POLICY DICTATORSHIP ECONOMIC BENEFITS ECONOMIC GROWTH ECONOMIC HISTORY ECONOMIC OPPORTUNITIES ECONOMIC POLICIES ECONOMIC PROGRESS ECONOMIC RESOURCES ECONOMIC SYSTEM ECONOMIC THEORY ECONOMICS EDUCATIONAL INSTITUTIONS ELECTION ELECTIONS EMPIRE EMPLOYMENT FINANCIAL INSTITUTIONS FORCED LABOR FRANCHISE FREE PRESS GDP GREENHOUSE GASES HUMAN CAPITAL INCOME INCOME DISTRIBUTION INCUMBENT INDIGENOUS PEOPLES INDUSTRIAL DEVELOPMENT INDUSTRIAL REVOLUTION INDUSTRIALIZATION INEQUITIES INNOVATION INTERNATIONAL DEVELOPMENT INVESTIGATION INVESTIGATIONS LABOR FORCE LABOR FORCES LABOR MARKET LABOR MOBILITY LABOR MOVEMENT LABOR MOVEMENTS LABOR SUPPLY LABORERS LAWS LEGAL PROTECTION LEGAL STATUS LEGAL SYSTEM LEGISLATION LEVEL OF DEVELOPMENT LIVING STANDARDS MALARIA MERCHANTS MIGRATION MILITARY FORCES MINORITY MODERNIZATION MONARCH MONARCHS MONARCHY MONOPOLY MONOPSONY MORTALITY MOTIVATION NATION STATE NATIVE POPULATION NATURAL RESOURCES OLIGARCHY POLICY MAKERS POLICY MAKING POLITICAL ECONOMY POLITICAL INSTITUTIONS POLITICAL LIFE POLITICAL PARTIES POLITICAL PARTY POLITICAL POWER POLITICAL PROCESS POLITICAL SCIENCE POLITICAL SPHERE POLITICAL SUPPORT POLITICAL SYSTEM POPULAR SUPPORT POPULISM PRACTITIONERS PRIVATE OWNERSHIP PROGRESS PROPERTY RIGHTS PUBLIC AFFAIRS PUBLIC GOODS PUBLIC INTEREST PUBLIC POLICY PUBLIC SECTOR QUEEN RATES OF URBANIZATION RENTS REPRESENTATIVES REPUBLIC RESPECT RURAL PRODUCERS SMALLHOLDERS SOCIAL CHANGES SOCIAL CLASSES SOCIAL GROUP SOCIAL SCIENCE SOCIALISM SOLDIERS STATE UNIVERSITY SUFFRAGE TAXATION TRADE-OFF UNIONS URBAN AREAS VIOLENCE WAR WARS In this paper authors argue that the main determinants of differences in prosperity across countries are differences in economic institutions. To solve the problem of development will entail reforming these institutions. Unfortunately, this is difficult because economic institutions are collective choices that are the outcome of a political process. The economic institutions of a society depend on the nature of political institutions and the distribution of political power in society. As yet, authors only have a highly preliminary understanding of the factors that lead a society into a political equilibrium which supports good economic institutions. However, it is clear that it is the political nature of an institutional equilibrium that makes it very difficult to reform economic institutions. The authors illustrate this with a series of pitfalls of institutional reforms. The author's analysis reveals challenges for those who would wish to solve the problem of development and poverty. That such challenges exist is hardly surprising and believe that the main reason for such challenges is the forces authors have outlined in this paper. Better development policy will only come when authors recognize this and understand these forces better. Nevertheless, some countries do undergo political transitions, reform their institutions, and move onto more successful paths of economic development. 2017-08-28T21:01:16Z 2017-08-28T21:01:16Z 2008 Working Paper http://documents.worldbank.org/curated/en/232971468326415075/The-role-of-institutions-in-growth-and-development http://hdl.handle.net/10986/28045 English en_US Commission on Growth and Development Working Paper;No. 10 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research :: Working Paper Publications & Research |
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Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ADULT POPULATION AGRICULTURAL POLICIES ALLOCATION AUTOCRACY BARRIERS TO ENTRY BUREAUCRACY CAPITALISM CHECKS AND BALANCES CITIZENS CIVIL WAR CLIMATE CHANGE COERCION COLLECTIVE ACTION COMPARATIVE ADVANTAGE CRISES DEATH RATES DEMOCRACIES DEMOCRACY DEMOCRATIC POLITICS DEVELOPING COUNTRIES DEVELOPMENT POLICY DICTATORSHIP ECONOMIC BENEFITS ECONOMIC GROWTH ECONOMIC HISTORY ECONOMIC OPPORTUNITIES ECONOMIC POLICIES ECONOMIC PROGRESS ECONOMIC RESOURCES ECONOMIC SYSTEM ECONOMIC THEORY ECONOMICS EDUCATIONAL INSTITUTIONS ELECTION ELECTIONS EMPIRE EMPLOYMENT FINANCIAL INSTITUTIONS FORCED LABOR FRANCHISE FREE PRESS GDP GREENHOUSE GASES HUMAN CAPITAL INCOME INCOME DISTRIBUTION INCUMBENT INDIGENOUS PEOPLES INDUSTRIAL DEVELOPMENT INDUSTRIAL REVOLUTION INDUSTRIALIZATION INEQUITIES INNOVATION INTERNATIONAL DEVELOPMENT INVESTIGATION INVESTIGATIONS LABOR FORCE LABOR FORCES LABOR MARKET LABOR MOBILITY LABOR MOVEMENT LABOR MOVEMENTS LABOR SUPPLY LABORERS LAWS LEGAL PROTECTION LEGAL STATUS LEGAL SYSTEM LEGISLATION LEVEL OF DEVELOPMENT LIVING STANDARDS MALARIA MERCHANTS MIGRATION MILITARY FORCES MINORITY MODERNIZATION MONARCH MONARCHS MONARCHY MONOPOLY MONOPSONY MORTALITY MOTIVATION NATION STATE NATIVE POPULATION NATURAL RESOURCES OLIGARCHY POLICY MAKERS POLICY MAKING POLITICAL ECONOMY POLITICAL INSTITUTIONS POLITICAL LIFE POLITICAL PARTIES POLITICAL PARTY POLITICAL POWER POLITICAL PROCESS POLITICAL SCIENCE POLITICAL SPHERE POLITICAL SUPPORT POLITICAL SYSTEM POPULAR SUPPORT POPULISM PRACTITIONERS PRIVATE OWNERSHIP PROGRESS PROPERTY RIGHTS PUBLIC AFFAIRS PUBLIC GOODS PUBLIC INTEREST PUBLIC POLICY PUBLIC SECTOR QUEEN RATES OF URBANIZATION RENTS REPRESENTATIVES REPUBLIC RESPECT RURAL PRODUCERS SMALLHOLDERS SOCIAL CHANGES SOCIAL CLASSES SOCIAL GROUP SOCIAL SCIENCE SOCIALISM SOLDIERS STATE UNIVERSITY SUFFRAGE TAXATION TRADE-OFF UNIONS URBAN AREAS VIOLENCE WAR WARS |
| spellingShingle |
ADULT POPULATION AGRICULTURAL POLICIES ALLOCATION AUTOCRACY BARRIERS TO ENTRY BUREAUCRACY CAPITALISM CHECKS AND BALANCES CITIZENS CIVIL WAR CLIMATE CHANGE COERCION COLLECTIVE ACTION COMPARATIVE ADVANTAGE CRISES DEATH RATES DEMOCRACIES DEMOCRACY DEMOCRATIC POLITICS DEVELOPING COUNTRIES DEVELOPMENT POLICY DICTATORSHIP ECONOMIC BENEFITS ECONOMIC GROWTH ECONOMIC HISTORY ECONOMIC OPPORTUNITIES ECONOMIC POLICIES ECONOMIC PROGRESS ECONOMIC RESOURCES ECONOMIC SYSTEM ECONOMIC THEORY ECONOMICS EDUCATIONAL INSTITUTIONS ELECTION ELECTIONS EMPIRE EMPLOYMENT FINANCIAL INSTITUTIONS FORCED LABOR FRANCHISE FREE PRESS GDP GREENHOUSE GASES HUMAN CAPITAL INCOME INCOME DISTRIBUTION INCUMBENT INDIGENOUS PEOPLES INDUSTRIAL DEVELOPMENT INDUSTRIAL REVOLUTION INDUSTRIALIZATION INEQUITIES INNOVATION INTERNATIONAL DEVELOPMENT INVESTIGATION INVESTIGATIONS LABOR FORCE LABOR FORCES LABOR MARKET LABOR MOBILITY LABOR MOVEMENT LABOR MOVEMENTS LABOR SUPPLY LABORERS LAWS LEGAL PROTECTION LEGAL STATUS LEGAL SYSTEM LEGISLATION LEVEL OF DEVELOPMENT LIVING STANDARDS MALARIA MERCHANTS MIGRATION MILITARY FORCES MINORITY MODERNIZATION MONARCH MONARCHS MONARCHY MONOPOLY MONOPSONY MORTALITY MOTIVATION NATION STATE NATIVE POPULATION NATURAL RESOURCES OLIGARCHY POLICY MAKERS POLICY MAKING POLITICAL ECONOMY POLITICAL INSTITUTIONS POLITICAL LIFE POLITICAL PARTIES POLITICAL PARTY POLITICAL POWER POLITICAL PROCESS POLITICAL SCIENCE POLITICAL SPHERE POLITICAL SUPPORT POLITICAL SYSTEM POPULAR SUPPORT POPULISM PRACTITIONERS PRIVATE OWNERSHIP PROGRESS PROPERTY RIGHTS PUBLIC AFFAIRS PUBLIC GOODS PUBLIC INTEREST PUBLIC POLICY PUBLIC SECTOR QUEEN RATES OF URBANIZATION RENTS REPRESENTATIVES REPUBLIC RESPECT RURAL PRODUCERS SMALLHOLDERS SOCIAL CHANGES SOCIAL CLASSES SOCIAL GROUP SOCIAL SCIENCE SOCIALISM SOLDIERS STATE UNIVERSITY SUFFRAGE TAXATION TRADE-OFF UNIONS URBAN AREAS VIOLENCE WAR WARS Acemoglu, Daron Robinson, James The Role of Institutions in Growth and Development |
| relation |
Commission on Growth and Development Working Paper;No. 10 |
| description |
In this paper authors argue that the
main determinants of differences in prosperity across
countries are differences in economic institutions. To solve
the problem of development will entail reforming these
institutions. Unfortunately, this is difficult because
economic institutions are collective choices that are the
outcome of a political process. The economic institutions of
a society depend on the nature of political institutions and
the distribution of political power in society. As yet,
authors only have a highly preliminary understanding of the
factors that lead a society into a political equilibrium
which supports good economic institutions. However, it is
clear that it is the political nature of an institutional
equilibrium that makes it very difficult to reform economic
institutions. The authors illustrate this with a series of
pitfalls of institutional reforms. The author's
analysis reveals challenges for those who would wish to
solve the problem of development and poverty. That such
challenges exist is hardly surprising and believe that the
main reason for such challenges is the forces authors have
outlined in this paper. Better development policy will only
come when authors recognize this and understand these forces
better. Nevertheless, some countries do undergo political
transitions, reform their institutions, and move onto more
successful paths of economic development. |
| format |
Working Paper |
| author |
Acemoglu, Daron Robinson, James |
| author_facet |
Acemoglu, Daron Robinson, James |
| author_sort |
Acemoglu, Daron |
| title |
The Role of Institutions in Growth and Development |
| title_short |
The Role of Institutions in Growth and Development |
| title_full |
The Role of Institutions in Growth and Development |
| title_fullStr |
The Role of Institutions in Growth and Development |
| title_full_unstemmed |
The Role of Institutions in Growth and Development |
| title_sort |
role of institutions in growth and development |
| publisher |
World Bank, Washington, DC |
| publishDate |
2017 |
| url |
http://documents.worldbank.org/curated/en/232971468326415075/The-role-of-institutions-in-growth-and-development http://hdl.handle.net/10986/28045 |
| _version_ |
1764465835071504384 |