Conceptualizing Institutions And Organizations: A Critical Approach

This paper reviews the concept of institutions and its relationship to capitalist development as used in the field of NIE and compares it to the use of the concept by Hall and Soskice. By specifying exactly what institutions are, how and why they should be differentiated from organizations, and how they influence transaction and production costs, Douglass North and the NIE articulate the role of institutions in understanding economic development. Hall and Soskice however, reveals a broad and varied use of the concept which ignores one of the key elements of institutions – enforcement and also fails to provide a clear differentiation between institutions and organizations which leads to confusions in understanding their specific roles in the process of development of the two types of economies that the authors define. A varied, imprecise and inconsistent use of the concept may lead to an overestimation of the role of institutions and conversely underestimation of the role of organizations in capitalist development.

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Institutions, social change, and economic development in the periphery: A confrontation between neo-institutionalism and Arrighi and Piselli’s essay on Calabria

Capital & Class ◽

10.1177/0309816820932295 ◽

2020 ◽

pp. 030981682093229

Author(s):

Olivier Butzbach

Keyword(s):

Economic Development ◽

Social Change ◽

World Economy ◽

Building Blocks ◽

Hostile Environment ◽

Capitalist Development ◽

Vast Literature ◽

Multiple Paths ◽

Selection Of

The main purpose of this article is to confront the argument put forward by Giovanni Arrighi and Fortunata Piselli in their 1987 study on capitalist development in Calabria with recent, neo-institutionalist analyses of economic development. In particular, this article asks whether the main building blocks of Arrighi and Piselli’s analysis – the importance of social conflicts in determining the outcome of processes of social change, the multiple paths of peripheralization, the key role played by factor mobility across regions of the periphery – may be used in a discussion of current theories of economic development framed within neo-institutional theory. In particular, it can be argued that articulating a dialogue between neo-institutional analyses of economic change and Arrighi and Piselli’s approach may provide a very fruitful platform for a renewed discussion of the role of institutions in economic development, especially in the periphery of the world-economy. In addition, a reading of the 1987 essay informed by neo-institutional hypotheses and concerns may yield new insights to be gained from ‘Capitalist Development in a Hostile Environment’. The overarching concern of the article is theoretical, and the core of the article will be dedicated, therefore, to a confrontation between Arrighi and Piselli’s 1987 essay, on one hand, and, on the other hand, a selection of significant works within the vast literature that has emerged in recent decades on institutions and development.

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Entrepreneurship, the Diaspora, and Return

The Diaspora and Returnee Entrepreneurship ◽

10.1093/oso/9780190911874.003.0002 ◽

2021 ◽

pp. 16-36

Author(s):

Nick Williams

Keyword(s):

Economic Development ◽

Potential Role ◽

Home Country ◽

Contemporary Literature ◽

Specific Role ◽

Host Countries ◽

Policy Makers ◽

International Borders ◽

National Borders

Chapter 2 outlines the contemporary literature on entrepreneurship and its role in economic development. It then explicitly examines the specific role of returnee entrepreneurship and the potential impacts of returnee entrepreneurship to home countries. The chapter highlights the resurgent interest in entrepreneurship among economic theorists and the increased importance ascribed to entrepreneurship by policy makers. It also demonstrates that often research focuses on entrepreneurs within a country, region, or locality, rather than entrepreneurs who are global actors moving across international borders. Of the research on flows of entrepreneurs outside national borders, the majority of literature focuses on the impacts in host countries (i.e. the country they have emigrated to), rather than their home country (i.e. the country they have emigrated from). This chapter thus builds on this research by setting out the important potential role for returnee entrepreneurs who invest at home and have the potential to fill entrepreneurial gaps.

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Capital Markets And Economic Development: A Framework For Newly Liberalized Economies

Journal of Business & Economics Research (JBER) ◽

10.19030/jber.v8i6.728 ◽

2010 ◽

Vol 8 (6) ◽

Cited By ~ 2

Author(s):

Arav Ouandlous

Keyword(s):

Economic Development ◽

Capital Markets ◽

Scientific Literature ◽

Large Body ◽

Political Environment ◽

Font Size ◽

Normal Text ◽

The Government ◽

Role Of The Government

One of the main objectives of this study is to show the necessity of capital markets and the sine qua non condition for their effective and efficient use for economic development.  I relied heavily on a large body of scientific literature and empirical evidence to support my assertions.  The implementation of capital markets requires time and more importantly cooperation between the government authorities and the private sector.  I believe that the efficient functioning of capital markets presupposes a favorable economic and political environment and a corresponding appropriate institutional support for this environment.  The confidence in the future and the confidence of the investors in this future are the sine qua non for the success of these capital markets.  Thus, the role of the government in providing this confidence is pivotal to the implementation of efficient capital markets and to the propelling of economic development.

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Schumpeterian Entrepreneurship Revisited: Historical Specificity and the Phases of Capitalist Development

Journal of the History of Economic Thought ◽

10.1080/10427710600857849 ◽

2006 ◽

Vol 28 (3) ◽

pp. 315-332 ◽

Cited By ~ 9

Author(s):

Alexander Ebner

Keyword(s):

Economic Development ◽

Research And Development ◽

Early Model ◽

Capitalist Development ◽

Late Model ◽

Theoretical Reasoning ◽

Historical Specificity ◽

Methodological Considerations ◽

Schumpeterian Approach

Schumpeter's theory of entrepreneurship and innovation has been repeatedly interpreted in terms of a conceptual dualism, shifting from an early model of personal entrepreneurship in newly founded enterprises to a late model of research and development in large enterprises, responding to changes in the productive organization of capitalism. Due to theoretical inconsistencies, Schumpeter thus seemingly altered his argument on the role of entrepreneurship in economic development (Freeman et al. 1982, pp. 41–42). In countering these allegations, it has been put forward that Schumpeter's instrumental methodology would allow for settling historical experiences and theoretical reasoning on different analytical levels. Accordingly, the substantial validity of the Schumpeterian approach would remain independent from variable historical settings (Frank 1998, pp. 505–506). Adding to these methodological considerations, it has been suggested that the consistency of Schumpeter's argument could be reconstructed in terms of an explanation of capitalist development that resonates Weberian thought on rationalization and bureaucratization (Langlois 1998b, pp. 57–58).

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Role of Capital Market in the Economic Development of Pakistan

PsycEXTRA Dataset ◽

10.1037/e719822011-006 ◽

2009 ◽

Author(s):

Abdul Majeed Shuja

Keyword(s):

Economic Development ◽

Capital Market

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Secretory leukocyte protease inhibitor expression in various types of gastritis – a specific role of H. pylori infection

Zeitschrift für Gastroenterologie ◽

10.1055/s-2006-943414 ◽

2006 ◽

Vol 44 (05) ◽

Author(s):

I Hritz ◽

L Herszényi ◽

T Wex ◽

P Malfertheiner ◽

Z Tulassay

Keyword(s):

Protease Inhibitor ◽

Secretory Leukocyte Protease Inhibitor ◽

Specific Role ◽

H Pylori

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Sociostructural Aspects of Socio-Economic Development:The role of Economic approach

Voprosy Ekonomiki ◽

10.32609/0042-8736-2014-3-86-105 ◽

2014 ◽

pp. 86-105

Author(s):

M. Shabanova

Keyword(s):

Economic Development ◽

Structural Factors ◽

Economic Approach ◽

Economic Agents ◽

Socio Economic Development

The author discusses the importance of studying socio-structural factors of socio-economic development through a broader application of the economic approach. The resources of status positions of economic agents are in the spotlight. A possible platform for interdisciplinary interactions is proposed which allows to increase the contribution of both economics and sociology in improving governance at all levels.

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Moral Factor of Social and Economic Progress

Voprosy Ekonomiki ◽

10.32609/0042-8736-2007-11-55-62 ◽

2007 ◽

pp. 55-62 ◽

Cited By ~ 1

Author(s):

O. Bogomolov

Keyword(s):

Economic Development ◽

Social Justice ◽

Moral Atmosphere ◽

Economic Progress ◽

Moral Factor

The article reveals the influence of the spiritual and moral atmosphere in the society on economic development. The emphasis is put especially on the role of social confidence and social justice. The author indicates also some measures on improving the worsening moral situation in Russia.

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Economic Development of Bangladesh: The Role of IBBL

IIUC Studies ◽

10.3329/iiucs.v9i0.24143 ◽

2015 ◽

Vol 9 ◽

pp. 323-334

Author(s):

Shafiqur Rahman ◽

Nicholas McDonald

Keyword(s):

Economic Development ◽

Content Analysis ◽

Foreign Trade ◽

Rural Economy ◽

Significant Contribution ◽

Annual Report ◽

Housing Sector

This paper presents the role of Islami Bank Bangladesh Limited (IBBL) to the recent economic development in Bangladesh. The study analyses published texts, articles, websites and annual report of this bank through a content analysis. Key findings of this study manifest the contribution of this bank in different areas of economic development in Bangladesh like generating employment, earning foreign remittance, strengthening rural economy, promoting ecology and green banking, boosting industrialization, developing the SMEs, assisting in foreign trade (import-export), developing the housing sector etc. This study also identifies IBBLs significant contribution to the national exchequer. This paper contributes to the field of economic development of Bangladesh and the role of IBBL behind it and fills the gap of literature in this specific area.IIUC Studies Vol.9 December 2012: 323-334

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Interpassivity and Misdemeanours: The Art of Thinking in Examples and the Žižekian Toolbox

10.3366/edinburgh/9781474422925.003.0005 ◽

2018 ◽

Author(s):

Robert Pfaller

Keyword(s):

Specific Role ◽

Slavoj Zizek ◽

Slavoj Žižek ◽

The Sublime

Starting from a passage from Slavoj Žižek`s brilliant book The Sublime Object of Ideology, the very passage on canned laughter that gave such precious support for the development of the theory of interpassivity, this chapter examines a question that has proved indispensable for the study of interpassivity: namely, what does it mean for a theory to proceed by examples? What is the specific role of the example in certain example-friendly theories, for example in Žižek’s philosophy?

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