03472nam 2200505 450 991072007330332120230614053113.09789819908448(electronic bk.)978981990843110.1007/978-981-99-0844-8(MiAaPQ)EBC7243039(Au-PeEL)EBL7243039(DE-He213)978-981-99-0844-8(OCoLC)1378657966(EXLCZ)992654060800004120230614d2023 uy 0engurcnu||||||||txtrdacontentcrdamediacrrdacarrierInstitutions and Economic Development Markets, Ideas, and Bottom-Up Change /Bryan Cheang and Tom G. Palmer1st ed. 2023.Singapore :Springer,[2023]©20231 online resource (210 pages)Classroom Companion. BusinessPrint version: Cheang, Bryan Institutions and Economic Development Singapore : Springer,c2023 9789819908431 Includes bibliographical references.Institutions Matter -- Formal Institutions -- Informal Institutions and Culture -- Institutions or Discretionary Leadership? -- Institutional Entrepreneurship and the Role of Non-profits.This book is a survey of the field of development studies from a political economy perspective. It first reviews the academic literature on development and highlights the fundamental importance of institutions and social values, over and above other alternative theories, as determinants in long-run development. In this context, the book draws from the works of Nobel Laureates Douglass North, F.A. Hayek and Elinor Ostrom, and argues that the ingredients of property rights, the rule of law, and market freedoms are essential in generating socio-economic progress. Successful reforms however are not simply a function of constructing formal institutions, but must cohere with the social values, norms, and cultural commitments of local communities. It is in this spirit that the book theorises on the oft-neglected role that political entrepreneurs play in driving endogenous institutional change. Specifically, this book integrates the theoretical discussion on market-driven development with a range of case studies from around the world, featuring the bottom-up efforts of local change agents to pursue institutional reforms and changes in social opinion. This marvellous handbook displays an impressive grasp of the vast literature on economic development, highlighting the crucial role of liberal ideas of freedom for economic success. The handbook masterfully summarizes debates on free markets, institutions, and culture as causes of development. This is the best textbook treatment of liberalism and development that I have ever seen. William Easterly, Professor of Economics at New York University (NYU) and Co-Director, NYU Development Research Institute.Classroom companion.Business.Economic developmentEconomicsSociological aspectsEconomic development.EconomicsSociological aspects.306.3Cheang Bryan1265574Palmer Tom G.MiAaPQMiAaPQMiAaPQ9910720073303321Institutions and Economic Development3392412UNINA