Institutions and development: generalizations that endanger progress

Jeffrey Nugent

Journal of Institutional Economics, 2011, vol. 7, issue 4, 561-565

Abstract: This article draws on several of the major breakthroughs in the institutions and development field to demonstrate that criticisms of work in this field as a whole based on its allegedly universal and unquestioning support for liberalizing institutions and the simplistic rationale and deficient empirical methods that have been used to buttress that support are outdated, inappropriate and misleading.

Date: 2011
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