Institutions: Mitigating Mistrust

Philip Keefer and Carlos Scartascini

Chapter 7 in Trust: The Key to Social Cohesion and Growth in Latin America and the Caribbean, 2022, pp 169-194 from Inter-American Development Bank

Abstract: Institutions are the bedrock of social organization, minimizing the consequences of mistrust even in high-trust societies. They permit economic exchange when trust is low and allow citizens to act collectively when otherwise they could not. They are essential to inclusive growth.

Keywords: Trust; Political Trust; Regulation; Labor Force; Public Policy; Economy; Civil Servants (search for similar items in EconPapers)
JEL-codes: D02 D23 D72 D73 D82 D91 H41 H83 O43 (search for similar items in EconPapers)
Date: 2022
ISBN: 978-1-59782-496-5
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Persistent link: https://EconPapers.repec.org/RePEc:idb:idbchp:11771-c7

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