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Title Institutions and market economies : the political economy of growth and development / edited by W. R. Garside
Published Basingstoke : Palgrave Macmillan, 2007

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Description xix, 346 pages ; 22 cm
Contents Machine derived contents note: Institutions and Economic Development: Economic History and Human Arrangements--B.Supple 'Tiresome Complexity?' Rent-seeking, Devolution and Economic Performance in Northern Ireland, 1945-72--G.Brownlow The Deep Determinants of Long-run Growth and Economic Development--P.D.Owen & C.R.Weatherston The Fundamental Determinants of Health Status--Institutions versus Geography--M.Jones, S.Knowles & P.D.Owen Diseases Dominate: Towards a Determination of the Distribution of Well-being Across Nations--A.Batten & A.Martina Institutional Capacity and Social Capability: Revisiting Japanese Developmentalism, 1945-1990--W.R.Garside How to Make Globalization Work Better: Turn to the Right--R.H.Wade Why the Rabble Cannot Redistribute: Democratization and Redistribution in Developing Countries--P.Nel The Professions, Economic Development and the Growth of Global Markets--G.Boyce The Democratic Peace and Sustitutability during International Crises: Institutionalised Democracy and Foreign Policy Choices--K.DeRouen Economic Development and Institutional Reform: A Perspective on the Pacific Islands--K.E.Jackson & O.Ketu'u What are Transaction Benefits? S.Kesting The Developmental Logic of Financial Liberalization in Taiwan--E.Thurbon The Institutional Legacy and the Development of an Australian National Innovation System--S.Ville Institutions and Economic Development: Economic History and Human Arrangements--B.Supple 'Tiresome Complexity?' Rent-seeking, Devolution and Economic Performance in Northern Ireland, 1945-72--G.Brownlow The Deep Determinants of Long-run Growth and Economic Development--P.D.Owen & C.R.Weatherston The Fundamental Determinants of Health Status--Institutions versus Geography--M.Jones, S.Knowles & P.D.Owen Diseases Dominate: Towards a Determination of the Distribution of Well-being Across Nations--A.Batten & A.Martina Institutional Capacity and Social Capability: Revisiting Japanese Developmentalism, 1945-1990--W.R.Garside How to Make Globalization Work Better: Turn to the Right--R.H.Wade Why the Rabble Cannot Redistribute: Democratization and Redistribution in Developing Countries--P.Nel The Professions, Economic Development and the Growth of Global Markets--G.Boyce The Democratic Peace and Sustitutability during International Crises: Institutionalised Democracy and Foreign Policy Choices--K.DeRouen Economic Development and Institutional Reform: A Perspective on the Pacific Islands--K.E.Jackson & O.Ketu'u What are Transaction Benefits? S.Kesting The Developmental Logic of Financial Liberalization in Taiwan--E.Thurbon The Institutional Legacy and the Development of an Australian National Innovation System--S.Ville -- Contents -- List of Figures xii -- List of Tables xiv -- Preface xvii -- Acknowledgements xviii -- Notes on contributors xix -- Chapter 1 Introduction. Economic growth and development: an institututional perspective, W. R. Garside 1 -- Chapter 2 Institutions and economic development: economic history and human arrangement, Barry Supple 23 -- 1. The British Industrial Revolution 34 -- 2. Diffusion 40 -- 3. Decline 46 -- 4. The development of the Americas: land versus institutions 53 -- 5. Conclusion 57 -- Chapter 3 A ?tiresome complexity?? Rent-seeking, devolution and economic performance in Northern Ireland, 1945-72, Graham Brownlow 61 -- 1. Introduction 61 -- 2. Northern Ireland?s poor economic performance: geography or institutions? 64 -- 3. Some theoretical perspectives 66 -- 4. Causes of rent-seeking: features of political institutions, -- 1945-72 69 -- 5. Consequences of rent-seeking: the economic record, -- 1945-72 73 -- 6. Institutional stability and the linen lobby: Northern Ireland?s -- political economy, 1945-63 78 -- 7. Institutions and economy at the crossroads: Northern Ireland?s -- political economy, 1963-72 82 -- 8. Conclusions: rent-seeking and economic history 85 -- Chapter 4 Institutional capacity and social capability: Japan?s ?deviant? capitalism in the high growth period and beyond, W. R. Garside 101 -- 1. Enter the critics 102 -- 2. State versus market: a vacuous debate? 110 -- 3. Catch-up and institutional capacity 112 -- 4. The distinctiveness of post-war institutionalism 115 -- 5. Conclusion 120 -- Chapter 5 The developmental logic of financial liberalization in Taiwan, -- Elizabeth Thurbon 133 -- 1. Taiwan?s distinctive brand of developmentalism and its financial policy implications 136 -- 2. The developmental logic of financial liberalization in -- Taiwan 140 -- 3. Liberalization of the domestic banking sector 141 -- 4. Liberalization of the stock exchange 147 -- 5. Liberalization and the APROC initiative 151 -- 6. Liberalization and the WTO 154 -- 7. The expansion of development financing 158 -- 8. Conclusion 161 -- Chapter 6 The institutional legacy and the development of an Australian national innovation system, Simon Ville 174 -- 1. Introduction 174 -- 2. Institutions and economic change 175 3. Phases of institutional development in Australia 178 -- 4. Institutional change and innovation 200 -- 5. Conclusion: towards a national innovation system 204 -- Chapter 7 The deep determinants of long-run growth and economic -- development, P. D. Owen and Clayton R. Weatherston 218 -- 1. Introduction 218 -- 2. ?Proximate? versus fundamental determinants 219 -- 3. Geography versus institutions: an empirical contest 231 -- 4. Empirical studies on the deep determinants of income -- Levels 238 -- 5. Conclusions 242 -- Chapter 8 The deep determinants of health and education: institutions versus geography, Michael Jones, Stephen Knowles and P. Dorian Owen 262 -- 1. Introduction 262 -- 2. Measuring economic development 264 -- 3. Institutions and geography as deep determinants of income per -- Capita 269 -- 4. Why institutions may affect health and education 271 -- 5. An informal examination of the relationship between -- institutions, geography and development 274 -- 6. Formal empirical analysis 277 -- 7. Conclusions 280 -- Chapter 9 Diseases dominate, Aaron Batten and Alan Martina 290 -- 1. Introduction 290 -- 2. Quasi-controlled experiment generated by -- History-Plus-Nature 297 -- 3. Model to be estimated and its variables 300 -- 4. Estimated regression results 310 -- 5. Expanding the limited sample size 319 -- 6. The influence of disease and institutions on different -- groups of countries 321 -- 7. Conclusions 323 -- Chapter 10 When can the rabble redistribute? Democratization and income distribution in low- and middle-income countries, Philip Nel 346 -- 1. Introduction 346 -- 2. Concepts and evidence 349 -- 3. Explaining the effects of democratization 358 -- 4. Demand side 361 -- 5. Supply side 364 -- 6. Test 368 -- 7. Conclusions 372 -- Chapter 11 Globalization as the institutionalization of neoliberalism: commodification, financialization, and the anchorless economy, Robert H. Wade 399 -- 1. Enclosure, horizontal and vertical 401 -- 2. Financialization 412 -- 3. The move towards an anchorless economy 421 -- 4. Interaction between financial and real economy instabilities -- 425 -- 5. What is to be done? 428 -- Chapter 12 The democratic peace and substitutability during international crises: institutionalized democracy and foreign policy choices, Karl DeRouen Jr and Shaun Goldfinch 445 -- 1. Introduction 445 -- 2. Substitution in foreign policy 446 -- 3. Escalation and policy substitution 453 -- 4. Democracy and dispute resolution 454 -- 5. Monadic democracy 458 -- 6. Research design 462 -- 7. Findings 467 -- 8. Conclusion 470 -- Chapter 13 The professions as systems that support transactions involving knowledge: their contribution to economic development and their response to the growth of global markets, Gordon Boyce 484 -- 1. Introduction 484 -- 2. Professions and the transmission of knowledge 485 -- 3. The professional ?template? 488 -- 4. Systemic links 491 -- 5. The rise of a distinctive institutional framework 495 -- 6. EQUIS and AACSB 500 -- 7
Conclusion 505 -- Chapter 14 Communicative transaction benefits, S. Kesting 512 -- 1. Transaction costs compared to what? 512 -- 2. The neoclassical market as model of reference 514 -- 3. Olson?s critique of the transaction cost approach 515 -- 4. Comparing institutional arrangements with distinct path histories -- 519 -- 5. Shared mental models: a linear, unilateral form of interaction -- 520 -- 6. The Image as explanation for transaction benefits 523 -- 7. The role of democratic participation in the modern welfare state: virtuous and vicious cumulative circular causation based on public discussions 527 -- 8. The original institutional approach 529 -- 9. Theory of communicative action: Habermas? discourse ethics -- 530 -- 10. Conclusion 534
Notes Formerly CIP. Uk
Bibliography Includes bibliographical references and index
SUBJECT Studies in institutional economics. http://id.loc.gov/authorities/names/n91103808
Subject Capitalism.
Democratization.
Economic development.
Globalization -- Economic aspects.
Institutional economics.
Author Garside, W. R.
LC no. 2007038717
ISBN 1403987580 (hbk.)
9781403987587 (hbk.)