Институты догоняющего развития

Institutions of Catching-up Development

Victor Polterovich
Authors registered in the RePEc Author Service: Виктор Меерович Полтерович

MPRA Paper from University Library of Munich, Germany

Abstract: It is shown that the institutional trajectories of catching-up development in successful countries contained similar interim institutions; this similarity is explained by common technological, institutional and cultural constraints that should be taken into account and to overcome. Corporatism, indicative planning, the presence of the "main" development agencies with broad powers, maintaining an undervalued exchange rate - due to these and a number of other mechanisms, countries of economic miracle were able to initiate and maintain rapid growth, despite low level of human capital, underdevelopment of civic culture, and market failures. Institutes of catching-up development contributed to the formation of collaborative relationships between the government, business and society. They softened the existed constraints, and they itself were gradually modified to ensure the transition to modern democracy with effective market economy. The analysis allows to outline а plan of institutional reform , taking into account the institutional particularities of Russia. The principles of the administrative reform are considered. The problem of the formation of a hybrid national planning system is formulated, which includes indicative planning and program budgeting. To finance the planned projects, it is offered a mix of public-private partnership and project financing. It is proposed to use the Japanese experience of stimulating temporary association of companies for the development of modernization projects. The principles of reforming of the state property governance, as well as education and science sectors are discussed.

Keywords: interim institution; social values; democratization; indicative planning; national innovation system; imitation; public-private ownership (search for similar items in EconPapers)
JEL-codes: A13 B52 D02 L52 O21 O25 P11 P21 (search for similar items in EconPapers)
Date: 2016-08-27
New Economics Papers: this item is included in nep-cis, nep-ppm and nep-tra
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