The New Institutional Economics, Business Associations, and Development

Ben Ross Schneider () and Richard F. Doner ()

Brazilian Journal of Political Economy, 2000, vol. 20, issue 3, 229-252

Abstract: With the demise of development economics in the 1970s, the academic disciplineof economics had little specific theorizing on development to offer practioners and profferedinstead universal, liberal nostrums of free trade and free markets (Wing, 1990). These universalprescriptions evolved into the first catalogued Washington consensus in the 1980s onthe urgency of market-oriented reforms in developing countries (Williamson, 1990). In the1990s, a new connection formed between an emerging institutionalist subfield in economicsand the next consensus in Washington after the first generation of market-oriented reforms.The opening of the third annual meetings of the International Society for New InstitutionalEconomics (ISNIE) at World Bank headquarters in Washington, D.C. in September 1999symbolized this new connection. JEL Classification: B25; O10.

Keywords: Economic development; new institutional economics; history of economic thought (search for similar items in EconPapers)
Date: 2000
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