Dualistic Economic Development: Theory and History. By Allen C. Kelley, Jeffrey G. Williamson and Russell J. Cheetham. (Chicago, Illinois: University of Chicago Press, 1972. Pp. 339. $12.50.)

1975 ◽  
Vol 69 (4) ◽  
pp. 1425-1427
Author(s):  
Gustav Ranis
2011 ◽  
Vol 7 (4) ◽  
pp. 549-553 ◽  
Author(s):  
MWANGI S. KIMENYI

Abstract:In recent years, there have been major advances in the empirical analysis of the link between institutions and development. However, a number of methodological problems – both theoretical and empirical – remain unresolved and have been well articulated by Ha-Joon Chang in his article ‘Institutions and Economic Development: Theory, Policy and History’. These problems raise valid concerns about the policy relevance of the evidence arising from the studies. A more reliable approach to study the link between institutions and development and overcome the inherent problems of cross-country empirical analysis is to direct focus to microeconomic analysis of institutions. Such an approach avoids ideologically driven normative judgments about the superiority of particular institutional arrangements and also offers a more credible and tractable avenue to investigate institutional change.


2017 ◽  
Vol 2017 (3) ◽  
pp. 150-156
Author(s):  
Alexandr Khudokormov

This paper is a review of a new textbook “Economic Development. Theory and Practice” (2016) written by M.V. Kulakov and L.P. Chikhun.


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