Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/190179 
Year of Publication: 
2018
Series/Report no.: 
WIDER Working Paper No. 2018/132
Publisher: 
The United Nations University World Institute for Development Economics Research (UNU-WIDER), Helsinki
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. The distribution of holding power across different types of organizations, the "political settlement", can explain the diversity of experiences and help to develop more effective policy.
Subjects: 
institutions
organizations
political settlements
norms
industrial policy
development
JEL: 
B52
L52
O17
O25
O43
Persistent Identifier of the first edition: 
ISBN: 
978-92-9256-574-9
Document Type: 
Working Paper

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