Elites and Property Rights

Alice H. Amsden

No wp-2010-109, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: An elite derives its status from its relationship to property, whether physical or human capital. While stable property rights are necessary for everyday business, unstable property rights that result in major institutional changes (such as land reform) may have a positive impact on economic development. When are the 'wrong' property rights right? Institutional changes have a positive impact on economic development when a country's elite can manage them.

Keywords: Comparative economics; International economic relations; Right of property (search for similar items in EconPapers)
Date: 2010
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