How do “Mineral-States” Learn? Path-Dependence, Networks, and Policy Change in the Development of Economic Institutions

Jose Carlos Orihuela ()

World Development, 2013, vol. 43, issue C, 138-148

Abstract: Based on case-study methods, I draw lessons from the political economy of macroeconomic management in Chile and Peru to explain how “mineral-states” learn to think long term and eventually escape the resource curse. I give an institutionalist account of the rise of countercyclical funds, showing how the long-term development of elite networks qualifies the contemporary making of curse-escapes. Policy networks compose one central avenue of institutional development, for both the reproduction of path-dependence and the making of institutional change. The exposition challenges political economy of development frameworks which over-emphasize structural (initial) conditions and assume steady (rent-seeking) behavior of state agents.

Keywords: resource curse; institutions; institutionalisms; networks; Chile; Peru (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (14)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:wdevel:v:43:y:2013:i:c:p:138-148

DOI: 10.1016/j.worlddev.2012.10.004

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