Foreword; Part I. Main Ideas: 1. Introduction; 2. Some technical points; 3. The largest historical event: the end of Soviet socialism; Part II. The Transitions of Institutions: Part IIA. The Democratic Transition: 4. Literature, data, transition path and causality; 5. The jumps model for the short run, 1960–2016; 6. Events are practically random; 7. Three pillars model for the long run, 1800–2016; Part IIB. The Transition of the Economic System: 8. Ownership preferences: the B-index; 9. Economic freedom: the F-index; Part IIC. The Transitions in Traditions and Beliefs: 10. The transition of corruption; 11. The religious transition; Part III. The Grand Transition: 12. The hump-shaped transition path for the growth rate; 13. Do improvements of institutions harm development?; 14. Conclusions.
Challenges traditional views on development to show the direction of causality is from income to institutions.
Martin Paldam is Professor Emeritus in the Department of Economics and Management at Aarhus University.
'Martin Paldam has for a long time made major contributions to help
us understand the relationship between economic growth and
political institutions. His uses a large number of data skillfully
and in an extraordinary way; his focus always is on the questions
and issues involved. It is most welcome that his immense knowledge
is now presented in this book.' Bruno S. Frey, University of
Basel
'This is a 'big think' book, examining the interrelationship of
social, political and economic variables in countries' transition
from low to high incomes. Paldam painstakingly identifies the best
available data and with appropriate qualifications and concludes
that the level of income was the major driver of these variables.
This is an important contribution to our understanding of the
relationship between key variables in the development process.'
Anne O. Krueger, John Hopkins University
'This is a deep and important book on one of the biggest questions
in political economy: what is the relationship between economic
development and institutions? Paldam's central thesis is that
economic development causes democratization and eliminates
corruption in the long run. His arguments are persuasive, the
result of years of thoughtful scholarship. The book is a must read
for anyone who wants to understand the connection between
development and institutions.' Toke Aidt, University of
Cambridge
'Martin Paldam investigates the grand pattern of development. No
small puzzles for him. His answers are most sensible, and they can
differ from the pronouncements heralded from the towers of
privileged domains. He does not equivocate to avoid what some
people prefer he not say. He is a careful thinker and cautious
empiricist who weighs his conclusions carefully. In this book he
addresses the societal transitions that are so important for
economic development.' Arye Hillman, Bar-Ilan University
 |
Ask a Question About this Product More... |
|
