Description
Book SynopsisThis 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.
Trade Review'Institutions, Globalisation and Empowerment
provides a useful contribution to the emerging literature on institutions and economic development. It also provides interesting examples of the failures and successes of institutional reform.' -- Esteban Perez Caldentey, Eastern Economic Journal
'Institutions, Globalisation and Empowerment
is highly topical and presents a multidimensional perspective of the changing role of institutions and their impact on development in the era of globalisation.' -- Global Business Review
'The editors of this volume . . . deserve our wholesome appreciation for choosing so many diverse case studies under one cover. . . the book deserves to be read by policymakers, academics and civil society groups throughout the world.' -- P.S. Jayaramu, Journal of Social and Economic Development
Table of ContentsContents: Preface PART I: INTRODUCTION 1. Institutions, Globalisation and Empowerment: An Overview of Issues Kartik C. Roy and Jörn 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 Gutiérrez de Piñeres 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-François 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 Jörn Sideras Index
