It’s evolution, baby – how institutions can improve without critical junctures

Otaviano Canuto and Tiago Ribeiro dos Santos

No 1810, Policy briefs on Economic Trends and Policies from Policy Center for the New South

Abstract: Daron Acemoglu and James Robinson caught policymaker’s attention to the critical role of institutions for development. Their work gives too much emphasis to the prospects of revolution, however. A reading of the World Bank’s World Development Report of 2017 points to directions that all actors involved in the process, whether domestic or international, elite or non-elite, can take to improve societies.

Date: 2018-12
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Persistent link: https://EconPapers.repec.org/RePEc:ocp:pbecon:pb-18-39

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