SciELO - Scientific Electronic Library Online

 
vol.8 issue14MONETARY POLICY AND CONSTITUTIONAL COURT: THE MINIMUM WAGE CASELEGAL INSTITUTIONS AND ECONOMIC GROWTH: THE ASIAN EXPERIENCE author indexsubject indexarticles search
Home Pagealphabetic serial listing  

Services on Demand

Journal

Article

Indicators

Related links

Share


Revista de Economía Institucional

Print version ISSN 0124-5996

Abstract

CHANG, Ha-Joon. UNDERSTANDING THE RELATIONSHIP BETWEEN INSTITUTIONS AND ECONOMIC DEVELOPMENT. SOME KEY THEORETICAL ISSUES. Rev.econ.inst. [online]. 2006, vol.8, n.14, pp.125-136. ISSN 0124-5996.

This paper discusses how the theory on the role of institutions in development can be improved, by critically examining the current orthodox discourse on institutions. To understand the relationship between institutions and economic development, it is necessary to have some balance between institutional forms and functions, and to accept its multi-faceted nature. It concludes that a successful institutional adaptation must be politically legitimated by the members of society and requires a better knowledge of the historical and contemporary experiences of each country.

Keywords : institutions; economic development; institutional forms and functions.

        · abstract in Spanish     · text in Spanish     · Spanish ( pdf )

 

Creative Commons License All the contents of this journal, except where otherwise noted, is licensed under a Creative Commons Attribution License