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Economic welfare, international business, and global institutional change / edited by Ram Mudambi, Pietro Navarra, Giuseppe Sobbrio

Contributor(s): Resource type: Ressourcentyp: Buch (Online)Book (Online)Language: English Series: The Locke Institute | Edward Elgar E-Book ArchivePublisher: Cheltenham, U.K ; Northampton, Mass : E. Elgar, 2003Description: 1 Online-Ressource (xiv, 382 p) : illISBN:
  • 9781781950814
Subject(s): Genre/Form: Additional physical formats: 1843761882 | 9781843761884 (hardback) | Erscheint auch als: 9781843761884 (hardback) Druck-Ausgabe | Elektronische Reproduktion von: Economic welfare, international business and global institutional change. Cheltenham, UK : Elgar, 2003. XIV, 382 SDDC classification:
  • 330.9 21
RVK: RVK: QM 000LOC classification:
  • HB90
DOI: DOI: 10.4337/9781781950814Online resources: Summary: The distinguished authors in this volume address the fundamental causes for such heterogeneous international experiences, placing particular emphasis on the role of institutions. They demonstrate how the study of economic development is increasingly linked to the development of institutions, which allow for more complex exchanges to occur in markets and societies. Institutions can be understood as rules or constraints that channel individuals' actions in specific directions, and can be formal or informal depending on their genesis. The book highlights the connection between institutions and economic welfare by examining countries at different stages of development. Although the authors' study material effects, they also look at individual well-being which is more strongly influenced by the non-material products of institutions such as opportunity, freedom and relationships. They move on to highlight the role of institutions in global business, in terms of innovation, entrepreneurship and foreign direct investment. In the concluding chapters they focus on the actual process of transition from one institutional framework to another. Amongst other examples, they examine reforms to international financial institutions and constitutional adjustments in transition countriesSummary: pt. I. Institutions, economic growth and individual welfare -- pt. II. Institutions and business activity -- pt. III. Institutional transitionPPN: PPN: 1023442795Package identifier: Produktsigel: ZDB-1-EWE | ZDB-77-ECB | ZDB-77-EEC
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