Institutional Change: Evidence from Some Emerging Market Economies

Masoumeh Alipourian () and Ali Hussein Samadi ()
Additional contact information
Masoumeh Alipourian: Shiraz University
Ali Hussein Samadi: Shiraz University

A chapter in Dynamics of Institutional Change in Emerging Market Economies, 2021, pp 175-199 from Springer

Abstract: Abstract The difference in the functions of (economic, social, and political) institutions is one of the main reasons accounting for the differences in the level of economic development between countries. Different institutions can provide the necessary conditions for the orientation and allocation of existing community resources to promoting innovative and productive activities. The attraction of human and social capital, on the one hand, and foreign and domestic physical capital, on the other hand, can bring prosperity to countries. This chapter provides an overview of institutional changes in some emerging market economies, the factors contributing to the successful interaction with and exploitation of various institutions in some countries to achieve sustainable growth and development, and the causes of failure in some countries to achieve this goal. The overall conclusion of this chapter is that East Asian and Southeast Asian countries have been able to experience significant economic progress by implementing economic, cultural, and political institutional changes. Other emerging market economies, however, have failed to implement the same changes because of the diminished institutional quality in these countries and the unwillingness of their governments to introduce radical changes.

Keywords: Institutional changes; Economic development; Emerging market economies (search for similar items in EconPapers)
Date: 2021
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:conchp:978-3-030-61342-6_7

Ordering information: This item can be ordered from
http://www.springer.com/9783030613426

DOI: 10.1007/978-3-030-61342-6_7

Access Statistics for this chapter

More chapters in Contributions to Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().