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La relación entre las instituciones y el desarrollo económico. Problemas teóricos claves

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  • Ha-Joon Chang

    (Cambridge University)

Abstract

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.

Suggested Citation

  • Ha-Joon Chang, 2006. "La relación entre las instituciones y el desarrollo económico. Problemas teóricos claves," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 8(14), pages 125-136, January-J.
    • Handle: RePEc:rei:ecoins:v:8:y:2006:i:14:p:125-136
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    File URL: http://www.uexternado.edu.co/facecono/ecoinstitucional/workingpapers/hchang14.pdf
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    References listed on IDEAS

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    1. Ha-Joon Chang, 2005. "Globalization, Global Standards, and the Future of East Asia," Global Economic Review, Taylor & Francis Journals, vol. 34(4), pages 363-378.
    2. Acemoglu, Daron & Johnson, Simon & Robinson, James A., 2002. "An African Success Story: Botswana," CEPR Discussion Papers 3219, C.E.P.R. Discussion Papers.
    3. Kaufmann, Daniel & Kraay, Aart & Zoido-Lobaton, Pablo, 2002. "Governance matters II - updated indicators for 2000-01," Policy Research Working Paper Series 2772, The World Bank.
    4. J.S. Eades, 2005. "East Asia," Chapters, in: James G. Carrier (ed.), A Handbook of Economic Anthropology, chapter 34, Edward Elgar Publishing.
    5. Chang, Ha-Joon, 2000. "The Hazard of Moral Hazard: Untangling the Asian Crisis," World Development, Elsevier, vol. 28(4), pages 775-788, April.
    6. Aron, Janine, 2000. "Growth and Institutions: A Review of the Evidence," The World Bank Research Observer, World Bank, vol. 15(1), pages 99-135, February.
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    Cited by:

    1. Bandeira, Pablo, 2008. "La relación entre las instituciones y el desarrollo económico de las naciones [The relationship between institutions and economic development]," MPRA Paper 13371, University Library of Munich, Germany.
    2. Antonio Camargo Díaz, 2015. "Cultura e instituciones: ¿Una relación indisoluble?," Revista de Economía del Caribe 14787, Universidad del Norte.
    3. Óscar A. Alfonso R., 2007. "Aportes a una teoría de la estructuración residencial urbana," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 9(17), pages 241-277, July-Dece.
    4. Bandeira, Pablo, 2009. "El desarrollo institucional en el contexto de la ineficacia de la ayuda: ¿qué podemos hacer? [Promoting institutional development in the context of actual aid ineffectiveness: what can we do?]," MPRA Paper 13372, University Library of Munich, Germany.
    5. Edwin Tarapuez & Beatriz Guzman-Diaz & Ramiro Parra-Hernandez, 2019. "Formal Institutional Factors Influencing the Entrepreneurial Intent in Quindío, Colombia," Proceedings of the 14th International RAIS Conference, August 19-20, 2019 005ET, Research Association for Interdisciplinary Studies.

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    More about this item

    Keywords

    institutions; economic development; institutional forms and functions;
    All these keywords.

    JEL classification:

    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General

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