Poor countries and development: a critique of Nicole Hassoun and a defense of the argument for good institutional quality
Ronald Olufemi Badru ()
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Ronald Olufemi Badru: Lead City University Ibadan, Nigeria and Institut Francais de Recherche en Afrique, IFRA-Nigeria, University of Ibadan, Nigeria
The Journal of Philosophical Economics, 2016, vol. 9, issue 2, pages 43-70
If we agree that ‘institutions are the kinds of structures that matter most in the social realm: they make up the stuff of social life’ (Hodgson, 2006, p.2), and we also agree that they largely influence, either positively or negatively, even many of the decisions relative to our personal lives, then we should conclude that emphasis on quality institutions to a people should not be wished away. Drawing on the earlier stated, the present work critically responds to the position of Hassoun (2014) that making aid conditional on good institutional quality is not good for the poor. It may be true that giving aid to the poor without consideration of the quality status of their social institutions may serve their immediate purposes, but if the poor are not to be consigned and confined to the margins of perpetual dependence, then due attention should rather be shown to ensure better reforms for their institutions, given that quality institutions largely and positively influence and sustain, in spite of other considerations, human development in the final analysis.
Keywords: development; institutional quality; poor countries (search for similar items in EconPapers)
JEL-codes: O43 D02 (search for similar items in EconPapers)
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Persistent link: http://EconPapers.repec.org/RePEc:bus:jphile:v:9:y:2016:i:2:n:2
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