This book argues that the capacity of a country to develop, and the levels of economic and social development achieved, depend more on the institutional parameters within which the development policies are implemented than on the policies themselves. It contends that forces of globalisation influence individual countries' economic and social institutions.
The book begins by examining theoretical aspects of social and economic institutions. It goes on to explore the operation of, and change within, these institutions as a result of globalisation, using examples from selected countries over five continents. The contributors conclude that globalisation has produced beneficial impacts on those social institutions which have been necessary for achieving genuine growth and development. On this evidence they argue for the need to embrace globalisation by undertaking relevant institutional changes.
Approaching the issue of globalisation from a novel perspective - namely how the forces of globalisation are transforming domestic, social and economic institutions to create greater opportunities for empowerment in individual countries - this book will be a fascinating read for those with an interest in development, institutional and international economics.
Edited by Kartik Roy, Professor, Auckland Institute of Studies, New Zealand and Joern Sideras, formerly Centre for International and Political Economy Research (CIPER), Greece
Contents: Preface PART I: INTRODUCTION 1. Institutions, Globalisation and Empowerment: An Overview of Issues Kartik C. Roy and Joern Sideras PART II: CONCEPTS 2. Institutions for High-Quality Growth: What They Are and How to Acquire Them Dani Rodrik 3. The Effects of the Interaction of Formal and Informal Institutions on Social Stability and Economic Development Svetozar Pejovich 4. Globalisation, Democracy and Citizens' Sovereignty: Can Competition Among Governments Enhance Democracy? Viktor Vanberg PART III: EMPIRICAL EVIDENCE 5. Globalisation: Contradictory Implications for US Women Cal Clark and Janet Clark 6. Corruption: Is Dollarisation a Solution? Jennifer S. Holmes and Sheila Amin Gutierrez de Pineres 7. Western Europe: German Unification, Integration, Globalisation - The German Social Market Economy Facing a Threefold Challenge Michael Wohlgemuth 8. Regional Retreat: The Reaction of Russian Institutions to Liberalising Reform Richard E. Ericson 9. Institutional Deterrents to the Empowerment of Women: Kenya's Experience Tabitha W. Kiriti, Clem Tisdell and Kartik C. Roy 10. WTO and the Dangers of Privatisation: An Analysis of the Saudi Case Jean-Francois Seznec 11. Institutional Impediments to Women's Empowerment in Rural India Kartik C. Roy 12. Estate Taxes and Family-run Firms: An Empirical Study of Publicly Traded Corporations in China, Hong Kong and Taiwan Kam-Ming Wan, Shi-Jun Liu and Hsihui Chang 13. Globalisation and Institutional Change in the Australian Labour Market Kyle Bruce PART IV: CONCLUSION 14. Institutional Change and Empowerment under Globalisation: Some Lessons Learnt Kartik C. Roy and Joern Sideras Index