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Institutions and Asia's development: The role of norms and organizational power

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  • Mushtaq H. Khan

Abstract

The role of institutions in Asian development has been intensely contested since Myrdal's Asian Drama, with later contributions from institutional economics and developmental state theory. Despite much progress, the dominant approaches do not agree about the institutions that matter nor do they explain why similar institutions delivered such different results across countries. Cultural norms and informal institutions clearly matter but the appropriate norms did not already exist in successful countries; they evolved over time.

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  • Mushtaq H. Khan, 2018. "Institutions and Asia's development: The role of norms and organizational power," WIDER Working Paper Series wp-2018-132, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:wp-2018-132
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    References listed on IDEAS

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    Cited by:

    1. Grumiller, Jan & Raza, Werner G., 2019. "Towards an institutional setup for industrial policy in late industrialization in the 21st century," Working Papers 61, Austrian Foundation for Development Research (ÖFSE).
    2. Beirne, John & Panthi, Pradeep, 2022. "Institutional Quality and Macrofinancial Resilience in Asia," ADBI Working Papers 1336, Asian Development Bank Institute.

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