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Institution Building and Growth in Transition Economies

Institution Building and Growth in Transition Economies
Author: Thorsten Beck
Publisher: World Bank Publications
Total Pages: 54
Release: 2005
Genre: Asia, Central
ISBN:

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Abstract: "Drawing on the recent literature on economic institutions and the origins of economic development, the authors offer a political economy explanation of why institution building has varied so much across transition economies. They identify dependence on natural resources and the historical experience of these countries during socialism as major determinants of institution building during transition by influencing the political structure and process during the initial years. Their empirical analysis shows that countries that are more reliant on natural resources and spent a longer time under socialist governments are more likely to see former communists remain in power and to start the transition process with less open political systems, with negative repercussions for the development of market-compatible institutions. Using natural resource reliance and the years under socialism to extract the exogenous component of institution building, the authors also show the importance of institutions in explaining the variation in economic development and growth across transition economies during the first decade of transition."--World Bank web site.


Institutions, Transition Economies, And Economic Development

Institutions, Transition Economies, And Economic Development
Author: Tim Yeager
Publisher: Routledge
Total Pages: 184
Release: 2018-02-07
Genre: Political Science
ISBN: 0429968310

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Why are some nations wealthy while others are desperately poor? Despite the rapid advancement of technology and the free flow of information provided by computers, many poor nations are falling further behind the wealthy nations of the world. Why is it that these poorer nations cannot catch up? Until recently, economic theory provided limited help in answering these questions. But the New Institutional Economics, a rapidly growing body of economic theory, may provide the answers. Timothy Yeager's Institutions, Transition Economies, and Economic Development clearly explains the New Institutional Economics, and applies its tenets to the transition economies of Poland and Russia. Readers will gain a perspective on transition and developing economies that has never been explored before in a single book.


Brazil in Transition

Brazil in Transition
Author: Lee J. Alston
Publisher: Princeton University Press
Total Pages: 281
Release: 2016-05-24
Genre: Business & Economics
ISBN: 1400880947

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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.


Institutional Development and Transition

Institutional Development and Transition
Author: United Nations. Economic and Social Commission for Western Asia
Publisher:
Total Pages: 70
Release: 2013
Genre: Arab countries
ISBN:

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"Have Arab uprisings opened space for deeper, grassroots-driven decentralization reforms in the region? What are the optimum designs, sequencing and models of decentralization for countries in political transition? While political discourse in the region uniformly emphasizes reforming State institutions, decentralization reform agendas have unfolded along contrasting trajectories across Arab transition countries. Both contextual and historical dynamics seem to shape visions for the orientation and pace of decentralization reforms as well as the empirical feasibility of shifting power relations among the various tiers of State administration. Drawing on findings from field research and recent analyses, this study argues that uprisings have created stronger momentum for revisiting the question of decentralization reforms in Libya and Yemen, where the very nature of the State is being redefined, compared to the cases of Egypt and Tunisia, where all stakeholders agree on preserving the unitary State model. In the latter cases, while there is evidence that new advocacy movements focused on reforming local government structures have emerged, they have thus far remained elite-led. Grassroots activism at local community levels has served to empower new actors, who, in some cases, have been successful at extracting concessions from local authorities. These efforts, however, predominantly focus on improving access to public services within the existing context of centralized State structures, and seem often to have failed to gain the trust of local community members as potential partners in local governance. Building on focus group discussions among working-class residents in Greater Cairo and on interviews with Egyptian political elites, the study highlights an emerging critical gap between youth expectations and, on the other hand, the envisioned plans of the political elite. While youth are more likely to demand deeper reforms across all three dimensions of decentralization (administrative, fiscal and political), political elites disagree not only on which particular dimension(s) of reforms should be implemented, but also on the urgency of decentralization during early phases of political transformation. The latter's wide range of views reflect deep concerns over political capture by traditional elites, weakness of political parties as well as potentially detrimental impacts of reforms on State capacity and the nation-State's territorial integrity. The study concludes by drawing lessons from France's successful contract-based record of decentralization and presents policy recommendations for countries that have emerged from the Arab uprisings with relatively strong centralized State structures and cohesive national identities."--Publisher's description.


Institutions, Transition Economies, and Economic Development

Institutions, Transition Economies, and Economic Development
Author: Timothy J. Yeager
Publisher:
Total Pages: 166
Release: 1999
Genre: Business & Economics
ISBN: 9780813335735

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Why are some nations wealthy while others are desperately poor? Despite the rapid advancement of technology and the free flow of information provided by computers, many poor nations are falling further behind the wealthy nations of the world. Why is it that these poorer nations cannot catch up? Until recently, economic theory provided limited help in answering these questions. But the New Institutional Economics, a rapidly growing body of economic theory, may provide the answers. Timothy Yeager’s Institutions, Transition Economies, and Economic Development clearly explains the New Institutional Economics, and applies its tenets to the transition economies of Poland and Russia. Readers will gain a perspective on transition and developing economies that has never been explored before in a single book.


The Grand Pattern of Development and the Transition of Institutions

The Grand Pattern of Development and the Transition of Institutions
Author: Martin Paldam
Publisher: Cambridge University Press
Total Pages: 388
Release: 2021-08-19
Genre: Business & Economics
ISBN: 1009027514

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The culmination of a long-lasting and impressive research program, this book summarizes the relationship between economic development with income on the one hand and the evolution of institutions on the other; the transition of countries from one economic and social system to another. The author considers the transitions of two types of institutions: The first is external; it is legal-administrative systems with staff and buildings. The political system and the economic system are considered. The second consists of traditions and beliefs. Here corruption and religiosity are considered. Contrary to the claim that institutions are causal to development, this book demonstrates that the main direction of causality is from income to institutions. As countries get wealthy, they become secular democracies with low corruption and a mixed economic system. In this impressive coda, Paldam shows that the evolution of institutions is not causal to the economic growth process but rather follows it.


The Relative Levels and the Character of Institutional Development in Transition Economies

The Relative Levels and the Character of Institutional Development in Transition Economies
Author: Peter Murrell
Publisher:
Total Pages: 0
Release: 2002
Genre:
ISBN:

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At present, there is no generally accepted accounting of the institutional strengths and weaknesses of the transition economies. The first goal of the paper is to fill this gap by assessing current levels of institutional development. The second is to examine which types of institutional mechanisms make relatively strong contributions. Extensive empirical evidence shows that institutional quality in transition countries is roughly as expected given per capita incomes. Institutions are improving continuously. Given prevailing assumptions that the institutional situation is dismal, the developments giving rise to this surprising finding must be investigated more fully. This investigation begins by cataloging the mechanisms that could have improved institutional indexes. Then, evidence is examined on the relative strengths of each of these mechanisms. Formal institutions have contributed more than informal ones. The largest contributions have come from formal institutions separate from the state administrative structure. Political institutions, legal systems, and independent governmental agencies have been important.


Universities in Transition

Universities in Transition
Author: Bo Göransson
Publisher: Springer Science & Business Media
Total Pages: 369
Release: 2010-12-16
Genre: Education
ISBN: 1441975098

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Globalization, the information age, and the rise of the knowledge-based economy are significantly transforming the way we acquire, disseminate, and transform knowledge. And, as a result, knowledge production is becoming closer and more directly linked to economic competitiveness. This evolution is also putting new and urgent demands on academic institutions to adjust to the changing needs of society and economy. In particular, there is growing pressure on the institutions of higher education and research in developed economies to find and affirm their new role in the national innovation system. Their counterparts in developing economies need to define their role in supporting emerging structures of the innovation system. This book examines the role of universities and national research institutes in social and economic development processes. Featuring contributions that showcase initiatives and innovations from around the world, including China, Eastern Europe, Latin America, Scandinavia, Southeast Asia, sub-Saharan Africa, and Western Europe, it offers timely insight that will be of interest to policymakers, university administrators, economic and social leaders, and researchers alike.


Institutions Matter in Transition, But So Do Policies

Institutions Matter in Transition, But So Do Policies
Author: Oli Havrylyshyn
Publisher: International Monetary Fund
Total Pages: 32
Release: 2000-03
Genre: Business & Economics
ISBN:

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When I was growing up in Peru, I was told that the farms I visited belonged to farming communities and not to the individual farmers. Yet as I walked from field to field, a different dog would bark. The dogs were ignorant of the prevailing law; all they knew was which land their masters controlled. In the next 150 years those nations whose laws recognize what the dogs already know will be the ones who enjoy the benefits of a modern market economy. - Hernando de Soto