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What are the right institutions in a globalizing world? and... can we keep them if we have found them?

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  • Islam, Roumeen

Abstract

Greater trade integration has often been viewed as requiring greater standardization in institutions, without which the benefits of trade do not materialize. There are many current debates concerning the degree and area of standardization needed and these debates are likely to continue for the foreseeable future. This paper, drawing on both the fiscal federalism and the trade literature, argues that increasing trade integration is consistent with a wide array of institutional choices. The final outcome, in terms of which institutions have prevailed, has depended substantially on political pressures for standardization and not necessarily on a clear assessment of economic gains.

Suggested Citation

  • Islam, Roumeen, 2004. "What are the right institutions in a globalizing world? and... can we keep them if we have found them?," Policy Research Working Paper Series 3448, The World Bank.
    • Handle: RePEc:wbk:wbrwps:3448
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    References listed on IDEAS

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    Cited by:

    1. Alali, Walid Y., 2010. "Cross Countries Economic Performances - SPF Approach," EconStor Preprints 269923, ZBW - Leibniz Information Centre for Economics.
    2. Walid Y Alali, 2009. "Cross Countries Economic Performances - SPF Approach," Post-Print hal-03832570, HAL.
    3. Avinash Dixit, 2007. "Evaluating Recipes for Development Success," The World Bank Research Observer, World Bank, vol. 22(2), pages 131-157, June.
    4. Edgar Demetrio Tovar García, 2007. "Globalización del capital y desarrollo institucional del sistema financiero," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 9(17), pages 75-107, July-Dece.
    5. Alali, Walid Y., 2009. "Economic Performance and Institutions: Measuring Technical Efficiency Using SPF Approach," MPRA Paper 114336, University Library of Munich, Germany, revised Aug 2009.
    6. Kouni, Mohamed, 2004. "المشهد الحضاري العربي: سؤال المؤسسة.. سؤال الإنسان.. في تحديد ملامح الابعاد السياسية و الاقتصادية [The Arab cultural scene… An Institutional and Human Question in Shaping the Political and Economic," MPRA Paper 28463, University Library of Munich, Germany.

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