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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 Jörn Sideras, formerly Centre for International and Political Economy Research (CIPER), Greece
Contents: PrefacePART I: INTRODUCTION1. Institutions, Globalisation and Empowerment: An Overview of Issues Kartik C. Roy and Jörn SiderasPART II: CONCEPTS 2. Institutions for High-Quality Growth: What They Are and How to Acquire ThemDani Rodrik3. The Effects of the Interaction of Formal and Informal Institutions on Social Stability and Economic DevelopmentSvetozar Pejovich4. Globalisation, Democracy and Citizens’ Sovereignty: Can Competition Among Governments Enhance Democracy? Viktor VanbergPART III: EMPIRICAL EVIDENCE 5. Globalisation: Contradictory Implications for US Women Cal Clark and Janet Clark6. Corruption: Is Dollarisation a Solution? Jennifer S. Holmes and Sheila Amin Gutiérrez de Piñeres7. Western Europe: German Unification, Integration, Globalisation – The German Social Market Economy Facing a Threefold Challenge Michael Wohlgemuth8. Regional Retreat: The Reaction of Russian Institutions to Liberalising Reform Richard E. Ericson9. Institutional Deterrents to the Empowerment of Women: Kenya’s Experience Tabitha W. Kiriti, Clem Tisdell and Kartik C. Roy10. WTO and the Dangers of Privatisation: An Analysis of the Saudi Case Jean-François Seznec11. Institutional Impediments to Women’s Empowerment in Rural India Kartik C. Roy12. 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 Chang13. Globalisation and Institutional Change in the Australian Labour Market Kyle BrucePART IV: CONCLUSION 14. Institutional Change and Empowerment under Globalisation: Some Lessons LearntKartik C. Roy and Jörn SiderasIndex
'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.'