Institutions for High-Quality Growth: What They are and How to Acquire Them

Dani Rodrik

No 7540, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: This paper opens with a discussion of the types of institutions that allow markets to perform adequately. While we can identify in broad terms what these are, there is no unique mapping between markets and the non-market institutions that underpin them. The paper emphasizes the importance of local knowledge' and argues that a strategy of institution building must not over-emphasize best-practice blueprint' at the expense of experimentation. Participatory political systems are the most effective ones for processing and aggregating local knowledge. Democracy is a meta-institution for building good institutions. A range of evidence indicates that participatory democracies enable higher-quality growth.

JEL-codes: O10 (search for similar items in EconPapers)
Date: 2000-02
New Economics Papers: this item is included in nep-cdm, nep-dev and nep-ind
Note: EFG
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (369)

Published as Roy, Kartik C. and Jorn Sideras (eds.) Institutions, Globalisation and Empowerment. Cheltenham, U.K. and Northampton, MA: Elgar, 2006.
Published as Dani Rodrik, 2000. "Institutions for high-quality growth: What they are and how to acquire them," Studies in Comparative International Development, vol 35(3), pages 3-31.

Downloads: (external link)
http://www.nber.org/papers/w7540.pdf (application/pdf)

Related works:
Chapter: Institutions for High-Quality Growth: What They Are and How to Acquire Them (2006)
Working Paper: Institutions For High-Quality Growth: What They Are And How To Acquire Them (2000)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:nbr:nberwo:7540

Ordering information: This working paper can be ordered from
http://www.nber.org/papers/w7540

Access Statistics for this paper

More papers in NBER Working Papers from National Bureau of Economic Research, Inc National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.. Contact information at EDIRC.
Bibliographic data for series maintained by ().