In June 1961 the American economist Douglass North visited Brazil for 3 weeks, for a mission organized by the US State Department and Instituto Brasileiro de Economia (IBRE-FGV). The goals of North's Brazilian mission were to evaluate Sudene's plans for the Northeast - which involved meeting...

In June 1961 the American economist Douglass North visited Brazil for 3 weeks, for a mission organized by the US State Department and Instituto Brasileiro de Economia (IBRE-FGV). The goals of North's Brazilian mission were to evaluate Sudene's plans for the Northeast - which involved meeting...

The purpose of this paper is to examine the significance of institutional arrangements to development policies. Unfortunately, modern institutionalism has concentrated on the consequences of political and economic liberties (determined by the institutional environment) to development, with...