Average living standards in the richest countries in the world are more than a hundred times greater than those in the poorest countries. Much of the research on economic growth explains this phenomenon in terms of the growth of inputs into the production process. This book is a timely reminder of the more fundamental determinants of capital accumulation and innovation. It provides a mixture of conceptual, empirical, historical and methodological approaches to the relationship between institutions, institutional change and economic development.
List of Figures
List of Tables
Preface
Acknowledgments
Notes on Contributors
1 Introduction: Economic Growth and Development - An Institutional Perspective by W. R. Garside 1
2 Institutions and Economic Development: Economic History and Human Arrangement by Barry Supple 14
3 A 'Tiresome Complexity'? Rent-seeking, Devolution and Economic Performance in Northern Ireland, 1945-72 by Graham Brownlow 39
4 Institutional Capacity and Social Capability: Japan's 'Deviant' Capitalism in the High-growth Period and Beyond by W. R. Garside 65
5 The Developmental Logic of Financial Liberalization in Taiwan by Elizabeth Thurbon 87
6 The Institutional Legacy and the Development of an Australian National Innovation System by Simon Ville 112
7 The Deep Determinants of Long-run Growth and Economic Development by P. Dorian Owen and Clayton R. Weatherston 137
8 The Deep Determinants of Health and Education: Institutions versus Geography by Michael Jones and Stephen Knowles and P. Dorian Owen 167
9 Diseases Dominate by Aaron Batten and Alan Martina 186
10 When Can the Rabble Redistribute? Democratization and Income Distribution in Low- and Middle-income Countries by Philip Nel 222
11 Globalization as the Institutionalization of Neoliberalism: Commodification, Financialization, and the Anchorless Economy by Robert H. Wade 250
12 The Democratic Peace and Substitutability During International Crises: Institutionalized Democracy and Foreign Policy Choices by Karl DeRouen Jr. and Shaun Goldfinch 278
13 The Professions as Systems that Support Transactions Involving Knowledge: Their Contribution to Economic Development and their Response to the Growth of Global Markets by Gordon Boyce 305
14 Communicative Transaction Benefits by S. Kesting
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