Institutions, Policies and Economic Development
Grzegorz W. Kolodko
No RP2006-21, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)
Abstract:
Institutions are not only created and built, but also, and especially, need to be learnt. It is a process which takes place in all economies, but acquires a special importance in less advanced countries. Not only theoretical arguments, but also the practical experience over the past 15 years demonstrates that faster economic growth, and hence also more broadly, socioeconomic development, is attained by those countries which take greater care to foster the institutional reinforcement of market economy.
Keywords: Economic development; Economic policy; Globalization; International economic relations; Public administration (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:unu:wpaper:rp2006-21
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