La relación entre las instituciones y el desarrollo económico. Problemas teóricos claves

Ha-Joon Chang ()
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Ha-Joon Chang: Cambridge University

Revista de Economía Institucional, 2006, vol. 8, issue 14, pages 125-136

Abstract: This paper discusses how the theory on the role of institutions in development can be improved, by critically examining the current orthodox discourse on institutions. To understand the relationship between institutions and economic development, it is necessary to have some balance between institutional forms and functions, and to accept its multi-faceted nature. It concludes that a successful institutional adaptation must be politically legitimated by the members of society and requires a better knowledge of the historical and contemporary experiences of each country.

Keywords: institutions; economic development; institutional forms and functions (search for similar items in EconPapers)
JEL-codes: B52 O10 (search for similar items in EconPapers)
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