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Source
Journal of Institutional Economics, 7, 4, (2011), pp. 523-527ISSN
Annotation
25 februari 2011
Publication type
Article / Letter to editor
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Organization
Internationale economie
Journal title
Journal of Institutional Economics
Volume
vol. 7
Issue
iss. 4
Languages used
English (eng)
Page start
p. 523
Page end
p. 527
Subject
Distributional Conflicts in a Globalizing World: Consequences for State-Market-Civil Society ArrangementsAbstract
In his article ‘Institutions and Economic Development: Theory, Policy and History’, Ha-Joon Chang rightly argues that historical evidence does not irrefutably suggest that countries characterized by free markets perform better than those in which the state plays a much more prominent role. However, his method of substantiating his claims by means of examples from different sources and periods does not convince. A more systematic and theoretically founded approach is needed. This comment focuses on the cross-section versus time-series approach and the relation between culture, institutions and economic development.
This item appears in the following Collection(s)
- Academic publications [238586]
- Electronic publications [122812]
- Nijmegen School of Management [18276]
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