Institutions as Investments

Robert H. Bates
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Robert H. Bates: Harvard University

Chapter 1 in The Political Dimension of Economic Growth, 1998, pp 3-19 from Palgrave Macmillan

Abstract: Abstract In the 1980s, international capital markets nearly collapsed. In an effort to revive international lending, bankers and diplomats created new institutions and reformed old ones. And in an effort to become creditworthy, developing countries altered their economic policies and their structures of government.

Keywords: General Motor; Formal Institution; Political Instability; Political Risk; Time Consistency (search for similar items in EconPapers)
Date: 1998
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DOI: 10.1007/978-1-349-26284-7_1

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