Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/63270
Authors: 
Kolodko, Grzegorz W.
Year of Publication: 
2006
Series/Report no.: 
Research Paper, UNU-WIDER, United Nations University (UNU) 2006/21
Abstract: 
nstitutions are not only created and built, but also, and especially, need to be learnt. It is a process which takes place in all economies, but acquires a special importance in less advanced countries. Not only theoretical arguments, but also the practical experience over the past 15 years demonstrates that faster economic growth, and hence also more broadly, socioeconomic development, is attained by those countries which take greater care to foster the institutional reinforcement of market economy. However, progress in market-economy institution building is not in itself sufficient to ensure sustained growth. Another indispensable component is an appropriately designed and implemented economic policy which must not confuse the means with the aims.
Subjects: 
institutions
economic policy
transition
growth
development
globalization
JEL: 
A11
E6
F02
F43
H11
I38
N1
O17
ISBN: 
9291907898
Document Type: 
Working Paper

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