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1、INSTITUTIONALCHANGEANDECONOMICDEVELOPMENTEDITEDBYHA-JOONCHANGINSTITUTIONALCHANGEANDECONOMICDEVELOPMENTTheissueofinstitutionaldevelopmenthascometoprominenceduringthelastdecadeorso.INSTITUTIONALCHANGEANDDuringthisperiod,eventheIMFandtheWorldBank,whichused
2、totreatinstitutionsasmere‘details’,havecometoemphasizetheroleofinstitutionsineconomicdevelopment.However,therearestillsomeimportantknowledgegapsthatneedtobefilledbeforewecansaythatweECONOMICDEVELOPMENThaveagoodgripontheissueofinstitutionsandeconomicdevel
3、opment,boththeoreticallyandatthepolicylevel.Thisbookisanattempttofillthesegaps.Recognizingthecomplexityoftheissuesinvolved,thisbookdrawstogethercontributionsfromscholarsineconomics,history,politicalscience,sociology,publicadministrationandbusinessadminis
4、tration.Theseexpertsdiscussnotonlytheoreticalissuesbutalsoadiverserangeofreal-lifeinstitutions–political,bureaucratic,fiscal,financial,corporate,legal,socialandindustrial–inthecontextofdozensofcountriesacrosstimeandspace–spanningfromBritain,Switzerlandand
5、theUSAinthepasttotoday’sBotswana,BrazilandChina.Thecontributorsshowthatthereisnosimpleformulaforinstitutionaldevelopment.Instead,real-lifeexperiencesofinstitutionaldevelopmenthavebeenachievedthroughamixtureofdeliberateimitationofforeigninstitutionsandlo
6、calinstitutionalinnovations.Whilearguingthereisnosetformulaforinstitutionaldevelopment,thisbookwillassistdevelopingcountriestoimprovetheirinstitutionsbyprovidingsophisticatedtheoreticaldiscussionsandhelpfulpolicyideasbasedonreal-lifecases.Ha-JoonChangis
7、theReaderinthePoliticalEconomyofDevelopmentattheFacultyofEconomics,UniversityofCambridge,UK.‘Justwhentheinstitutionalistapproachtoeconomicdevelopmentisatriskofseeminglikea'blackbox'fortautologicalnon-explanations,thisvolumeofrichlyhistoricallyinformedan
8、dnuancedstudieswillrestoreconfidenceinthevalue,ifnotsuperiorityofthisapproachtothepoliticaleconomyofdevelopment.’-JomoK.S.,AssistantSecretaryGeneralforEconomicDevelopment,UnitedNations‘Muchhasbeensaidaboutinstitutionsindevelopment
