{"product_id":"9780691235561","title":"The Institutional Foundation of Economic Development","description":"\u003cp\u003eA systemic account of how institutions shape economic development\u003c\/p\u003e\n\n\u003cp\u003eInstitutions matter for economic development. Yet despite this accepted wisdom, new institutional economics (NIE) has yet to provide a comprehensive look at what constitutes the institutional foundation of economic development (IFED). Bringing together findings from a range a fields, from development economics and development studies to political science and sociology, The Institutional Foundation of Economic Development explores the precise mechanisms through which institutions affect growth.\u003c\/p\u003e\n\n\u003cp\u003eShiping Tang contends that institutions shape economic development through four \"Big Things\": possibility, incentive, capability, and opportunity. From this perspective, IFED has six major dimensions: political hierarchy, property rights, social mobility, redistribution, innovation protection, and equal opportunity. Tang further argues that IFED is only one pillar within the New Development Triangle (NDT): sustained economic development also requires strong state capacity and sound socioeconomic policies.\u003c\/p\u003e\n\n\u003cp\u003eArguing for an evolutionary approach tied to a country's stage of development, The Institutional Foundation of Economic Development advances an understanding of institutions and economic development through a holistic, interdisciplinary lens.\u003c\/p\u003e","brand":"Princeton University Press","offers":[{"title":"Default Title","offer_id":49021745266923,"sku":"00000_00000_00000_00000","price":241.71,"currency_code":"SGD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0758\/4484\/5803\/files\/9780691235561-1.jpg?v=1785753613","url":"https:\/\/kinokuniya.com.sg\/ja\/products\/9780691235561","provider":"Books Kinokuniya Singapore","version":"1.0","type":"link"}