Institutions and Asia's development: The role of norms and organizational power

Mushtaq H. Khan

No wp-2018-132, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: The role of institutions in Asian development has been intensely contested since Myrdal's Asian Drama, with later contributions from institutional economics and developmental state theory. Despite much progress, the dominant approaches do not agree about the institutions that matter nor do they explain why similar institutions delivered such different results across countries. Cultural norms and informal institutions clearly matter but the appropriate norms did not already exist in successful countries; they evolved over time.

Keywords: Institutions; Organizations; Political settlements; Norms; Industrial policy; Development (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (2)

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