A Systemic Cycle-Oriented Framework of Institutional Change

Josip Lučev ()
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Josip Lučev: University of Zagreb

Chapter Chapter 5 in Systemic Cycle and Institutional Change, 2021, pp 111-141 from Springer

Abstract: Abstract This chapter offers a new framework of institutional change which takes development strategies, trade, and global economic development explained by the systemic cycle into account. Alongside these elements, it contextualizes them through the inclusion of other, more familiar drivers of change: technology, power relations, transnational conditionality, and institutional starting positions. All of these together provide three distinct but overlapping channels of institutional change. Firstly, path dependence (provided by the institutional starting positions), secondly, the formal political power channel (provided by national electoral politics and transnational conditionality, and thirdly, the complex interaction of various institutional drivers putting the power relations and the systemic cycle in its center. Finally, this chapter explains the selection of the three cases of USA, Germany, and China and the selection of the post-1980 timeframe.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-66053-6_5

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DOI: 10.1007/978-3-030-66053-6_5

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