There is a broad agreement that political and economic institutions matter for long-term development. Yet relatively little is known as to how to adopt good quality institutions and reform weak or poor institutions, for which one needs to know how institutions change. This paper provides a...

La privatisation est au cœur des réformes structurelles pour les économies en transition. En théorie son principal objectif est de changer les structures de corporate governance dans le but d'améliorer l'efficience des entreprises. En théorie, l'adoption des institutions formelles de...

This paper operates at the interface of the literature on the impact of foreign direct investment (FDI) on host countries, and the literature on the determinants of institutional quality. We argue that FDI contributes to economic development by improving institutional quality in the host country...

The Theory of the Second Best implies that any country with less-than-ideal resources can lose from international trade. Recently it has been suggested this means the South (poor countries) are better off suppressing trade with the North, especially trade in natural resource products, since the...

The paper tries to improve our understanding on the role of institutions in development by critically examining the current orthodox discourse on institutions and highlighting some of its key problems. After discussing some definitional problems, the chapter examines a number of problems in the...

This article examines two drastic changes in the performance of local water associations in providing local public goods – appropriate levels of water table – in the reclamation system in the Powiat Pyrzyce in the Voivodship Zachodniopomorski in northwest Poland. Employing an institutional...

The guide in the elaboration of this article was the work of the famous attorney of the new institutionalism, D. North, named “Institutions, Institutional Change and Economic Performance”. His central idea was focused on the retaining wall of the necessity of an institutional change that to...

The paper tries to improve our understanding on the role of institutions in development by critically examining the current orthodox discourse on institutions and highlighting some of its key problems. After discussing some definitional problems, the chapter examines a number of problems in the...